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Rationality Concepts in Environmental Valuation

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Book Series: Hohenheimer volkswirtschaftliche Schriften ISBN: 9783631573365 Year: Pages: 255 DOI: 10.3726/b14029 Language: English
Publisher: Peter Lang International Academic Publishing Group
Subject: Environmental Sciences --- Economics
Added to DOAB on : 2019-01-15 13:32:19
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Survey based valuation techniques like the Contingent Valuation Method (CVM) rely particularly on the premise of respondents’ rationality when answering willingness to pay (WTP) questions. Results of CVM surveys have repeatedly put this fundamental assumption into question. This study adopts a more realistic view of rationality accounting for respondents’ limited capacities to process information. Based on cognitive psychology a technique to detect and analyze the bounds of rationality inherent in WTP statements is developed. Using an empirical example, the influence of bounded rationality on the validity of CVM results is analyzed. It is shown that individual differences in information processing play a major role. From these results recommendations for future survey design are developed.

Contingent Valuation of Environmental Goods: A Comprehensive Critique

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ISBN: 9781786434685 9781786434692 Year: Pages: 336 DOI: 10.4337/9781786434692 Language: English
Publisher: Edward Elgar Publishing
Subject: Environmental Sciences
Added to DOAB on : 2017-04-19 12:41:51
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Contingent valuation is a survey-based procedure that attempts to estimate how much households are willing to pay for specific programs that improve the environment or prevent environmental degradation. For decades, the method has been the center of debate regarding its reliability: does it really measure the value that people place on environmental changes? Bringing together leading voices in the field, this timely book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique’s continued use.

La valutazione del capitale intellettuale

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Book Series: Sistemi Informativi, Management e Controllo - Open Access ISBN: 9788891749031 Year: Language: Italian
Publisher: FrancoAngeli
Subject: Economics
Added to DOAB on : 2018-02-16 11:01:46
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Intellectual capital is gaining in importance over the years, evolving from a "needed to win" resource, necessary to control the market, into a "needed to play" resource, namely an essential element for the survival of the firm. This evolution has led to innovations in accounting concepts, methods and tools. This work offers a critical analysis of the main methods and tools for the evaluation of the intellectual capital, of the potentials and limits of the various evaluation models proposed by the doctrine and the practice. A business case study completes the book.

CO2-Emissionszertifikate - Preismodellierung und Derivatebewertung

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ISBN: 9783866441699 Year: Pages: XII, 201 p. DOI: 10.5445/KSP/1000006959 Language: GERMAN
Publisher: KIT Scientific Publishing
Subject: Business and Management
Added to DOAB on : 2019-07-30 20:02:01
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EU-Unternehmen müssen seit 2005 entsprechend ihrem CO2-Ausstoß genügend Emissionszertifikate einreichen. Da die Zertifikate frei handelbar sind, stellt sich ihnen CO2 als ein zusätzlicher Produktionsfaktor mit unsicherem Preis dar. Derivative Finanzinstrumente helfen beim Management der damit verbundenen Risiken. Die Arbeit analysiert und beantwortet grundlegende Fragestellungen zur Modellierung und Bewertung solcher Finanzinstrumente im Emissionshandel.

Contingent Valuation Daten und Bayes’sche Verfahren

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Book Series: Hohenheimer volkswirtschaftliche Schriften ISBN: 9783631550809 Year: Pages: 233 DOI: 10.3726/b13922 Language: German
Publisher: Peter Lang International Academic Publishing Group
Subject: Ecology --- Environmental Sciences --- Economics
Added to DOAB on : 2019-01-15 13:32:25
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Mit Methoden zur Umweltbewertung, die – wie die interviewgestützte Contingent Valuation Methode – auf der Messung individueller Präferenzen basieren, lässt sich der Wert einer Umweltveränderung umfassend bestimmen, aber sie erweisen sich in der Praxis oft als zu teuer. Durch die Verwendung von Bayes’schen Ansätzen können die Kosten der Kosten-Nutzen-Analyse für explizite Bewertungsstudien sowie für die implizite Bewertung durch den Nutzentransfer deutlich gesenkt werden. Darüber hinaus wird durch diesen Ansatz der Nutzentransfer erheblich zuverlässiger, so dass dieses Sparmodell der Umweltbewertung mit weitaus geringeren Einschränkungen als bislang empfohlen werden kann. Die Arbeit illustriert diese Aussagen mit einer Vielzahl simulierter und empirischer Beispiele.

Social Desirability and Environmental Valuation

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Book Series: Hohenheimer volkswirtschaftliche Schriften ISBN: 9783631632581 Year: Pages: 265 Language: English
Publisher: Peter Lang International Academic Publishing Group
Subject: Environmental Sciences --- Economics --- Psychology --- Sociology
Added to DOAB on : 2019-01-15 13:32:59
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Socially desirable responding (SDR) is an often-reported source of bias in survey interviews. It describes the tendency of a respondent to answer in a way that is socially desirable rather than to answer truthfully. This response bias also threatens the reliability and validity of survey-based environmental valuation techniques such as the Contingent Valuation Method (CVM). Therefore, the study deals with the assessment of the conditions for the occurrence of SDR in CVM interviews. A behavioral model is devised to take into account a set of factors triggering SDR responses. The impact of these factors of SDR on willingness to pay (WTP) responses is tested. The results reveal that the relevant factors do not affect WTP statements simultaneously but rather influence them in an independent manner. These findings can improve future CVM studies by identifying respondents who are prone to be influenced by SDR.

Coastal Resources Economics and Ecosystem Valuation

Authors: ---
ISBN: 9783039280162 9783039280179 Year: Pages: 104 DOI: 10.3390/books978-3-03928-017-9 Language: English
Publisher: MDPI - Multidisciplinary Digital Publishing Institute
Subject: Science (General)
Added to DOAB on : 2020-01-07 09:08:26
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The practical importance of economic valuation information can hardly be overstated. Coastal and marine resource policy planning and management benefit from complete information on the impact of policy decisions.

Hedonische Preisindizes für Transaktionen von Wohneigentum - dargestellt am Beispiel der Stadt Karlsruhe. Ein Beitrag zur Bereitstellung von Zeitreihen für die Marktwertermittlung und Marktprognose

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Book Series: Karlsruher Schriften zur Bau-, Wohnungs- und Immobilienwirtschaft / Hrsg.: Karlsruher Institut für Technologie, Lehrstuhl ISSN: 18638694 ISBN: 9783731507970 Year: Volume: 9 Pages: XXII, 248 p. DOI: 10.5445/KSP/1000083164 Language: GERMAN
Publisher: KIT Scientific Publishing
Subject: Business and Management
Added to DOAB on : 2019-07-28 18:37:01
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This work addresses the lack of availability of regional hedonic housing price indices as the basis for market analysis and valuation in Germany. Based on data from the valuation expert committee of Karlsruhe, an analysis of the feasibility and estimation of price indices for submarkets of residential property follows. Recommendations regarding the methodology as well as the improvement of the data collection und the data quality are transferable to other valuation expert committees.

The application of sustainable development principles to the theory and practice of property valuation

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Book Series: Karlsruher Schriften zur Bau-, Wohnungs- und Immobilienwirtschaft ISSN: 18638694 ISBN: 9783866440890 Year: Volume: 1 Pages: XIX, 276 p. DOI: 10.5445/KSP/1000005408 Language: ENGLISH
Publisher: KIT Scientific Publishing
Subject: Business and Management
Added to DOAB on : 2019-07-30 20:02:02
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This dissertation is an exploration into the fields of sustainable development, property investment and valuation. It investigates the rationale for immediately and rigorously integrating sustainability issues into property valuation theory and practice and proposes theoretical and practical options for valuers on how to address sustainability issues within valuation reports. It is argued that the perception of property as a commodity is changing to emphasize sustainable design features and performance characteristics as important determinants of a property&#65533;s worth and market value.

The Economics of Protected Marine Species: Concepts in Research and Management

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Book Series: Frontiers Research Topics ISSN: 16648714 ISBN: 9782889199907 Year: Pages: 133 DOI: 10.3389/978-2-88919-990-7 Language: English
Publisher: Frontiers Media SA
Subject: Science (General) --- Oceanography
Added to DOAB on : 2016-01-19 14:05:46
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Protected marine species have populations that are depleted, decreasing, or are at-risk of extinction or local extirpation. As of 2015 The International Union for the Conservation of Nature, a global environmental organization, lists approximately 737 marine species worldwide that are considered at risk of extinction. Many are provided legal protection through national laws requiring research and management measures aimed at recovering and maintaining the species at a sustainable population level. Integral to the policy decision process involving the management and recovery of marine species is the consideration of trade-offs between the economic and ecological costs and benefits of protection. This suggests that economics, at its core the study of trade-offs, has a significant role.

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