Pricing Nature

Nick Hanley, University of Glasgow, UK and Edward B. Barbier, Professor of Economics, Senior Scholar, School of Global Environmental Sustainability, Colorado State University, US

• Contents: 1. Introduction Part I: The Tools 2. The Theoretical Foundations of CBA 3. Stated Preference Approaches to Environmental Valuation 4. Revealed Preference Methods (1): The Travel Cost Model 5. Revealed Preference Methods (2): Hedonic Pricing 6. Valuing the Environment: Production Function Approaches 7. Discounting and the Discount Rate 8. CBA in Developing Countries: What’s Different? Part II: Case Studies 9. Valuing Ecosystem Services 10. Costs and Benefits of Water Quality Improvements 11. Valuing Habitat Protection 12. Cost–Benefit Analysis and Renewable Energy 13. The Strengths and Weaknesses of Environmental CBA Index

'An impressive piece of work that deserves to be on every European agricultural economist's bookshelf.'