The Economic Theory and Measurement of Environmental Benefits [Paperback]

This book is an advanced text in welfare economics and its application to environmental economics.A comprehensive survey of developments in the theory of measurement of welfare is applied to issues relevant to environmental economics in this advanced study.A comprehensive survey of developments in the theory of measurement of welfare is applied to issues relevant to environmental economics in this advanced study.This book is an advanced text in welfare economics and its application to environmental economics. It provides, in the first chapters, a comprehensive survey of developments in the theory of measurement of welfare, and then applies this theory to environmental economics. The first part derives consumer surplus measures to be used in a timeless world, and the second part looks at international issues.Preface; 1. Introduction; 2. Some basic concepts; 3. The concept of consumer surplus; 4. Topics in the theory of consumer surplus measures; 5. Consumer surplus measures in quantity-constrained regimes; 6. Public goods and externalities in consumption; 7. How to overcome the problem of preference revelation; practical methodologies; 8. Discreet choice models and environmental benefits; 9. Consumer's surplus in an intertemporal context; 10. Welfare change measures in a risky world; 11. Money measures of the total value of environmental aspects; Notes; Bibliography; Index.