Hostname: page-component-78c5997874-ndw9j Total loading time: 0 Render date: 2024-11-08T11:26:12.936Z Has data issue: false hasContentIssue false

Valuing Natural Resource and Environmental Amenities: Can Economic Valuation Techniques Be Made Defensible: Discussion

Published online by Cambridge University Press:  10 May 2017

James J. Opaluch*
Affiliation:
Department of Resource Economics, University of Rhode Island, Kingston, Rhode Island 02881
Get access

Abstract

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
NAREA Invited Address
Copyright
Copyright © 1984 Northeastern Agricultural and Resource Economics Association 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

This research was supported by the University of Rhode Island Sea Grant Program and by the Rhode Island Agricultural Experiment Station. (AES Contribution No. 2236).

References

Akerlof, George A. and Dickens, William T.The Economic Consequences of Cognitive Dissonance.” American Economic Review 72 (1982):307319.Google Scholar
Arrow, Kenneth J.Risk Perception in Psychology and Economics.” Economic Inquiry 20 (1982):19.Google Scholar
Becker, Gary S.Irrational Behavior and Economic Theory.” Journal of Political Economy 70 (1962):113.Google Scholar
Bockstael, Nancy E. and McConnell, Kenneth E.Measuring the Worth of Natural Resource Facilities: Reply.” Land Econ. 56 (1980):487490.Google Scholar
Cummings, Ronald G., Brookshire, David S., Schulze, William D., and Coursey, D. L.Valuing Environmental Goods: A State of the Arts Assessment of the Contingent Valuation Method”. Unpublished Executive Summary. 1984.Google Scholar
Cyert, Richard M. and March, James G. A Behavioral Theory of the Firm. Englewood Cliffs, NJ: Prentice Hall. 1963.Google Scholar
Hausman, Jerry A.Exact Consumer's Surplus and Deadweight Loss.” Amer. Econ. Rev 71 (1981):662676.Google Scholar
Heiner, Ronald A.The Origin of Predictable Behavior.” Amer. Econ. Rev. 73 (1983):560595.Google Scholar
Hirshleifer, Jack and Riley, John G.The Analytics of Uncertainty and Information—An Expository Survey.” Journal of Economic Literature 17 (1979):13751421.Google Scholar
Kahneman, Daniel and Tversky, Amos. “Prospect Theory: An Analysis of Decision Under Risk.” Econometrica 47 (1979):263291.Google Scholar
Kahneman, Daniel and Tversky, Amos. “The Psychology of Preferences.” Scientific American (1982):160171.Google Scholar
Lancaster, Kelvin, “The Theory of Household Behavior: Some Foundations.” Annals of Economic and Social Measurement 4 (1975):521.Google Scholar
Leibenstein, Harvey. “A Branch of Economics is Missing: Micro-Micro Theory.” Journal of Economic Literature 17 (1979):477502.Google Scholar
McKenzie, G. W. and Pearce, I. F.Welfare Measurement—A Synthesis.” Am. Econ. Rev. 72 (1982):669682.Google Scholar
Newberry, David M.G. and Stiglitz, Joseph E. The Theory of Commodity Price Stabilization. Oxford: Clarendon Press. 1981.Google Scholar
Pope, Rulon, Chavas, Jean-Paul and Just, Richard. “Economic Welfare Evaluations for Producers under Uncertainty.” Amer. J. Ag. Econ. 65 (1983):98107.Google Scholar
Sagoff, Mark. “Economic Theory and Environmental Law.” Michigan Law Review 79 (1981):13931419.Google Scholar
Schoemaker, Paul J.H.The Expected Utility Model: Its Variants, Purposes, Evidence, and Limitations.” Journal of Economic Literature 20 (1982):529563.Google Scholar
Simon, Herbert A.A Behavioral Model of Rational Choice.” Quarterly Journal of Economics 69 (1955):99118.Google Scholar
Amos, Tversky. and Kahneman, Daniel. “Judgement Under Uncertainty: Heuristics and Biases.” Science 185 (1974):99118.Google Scholar
Vartia, Yrjo. “Efficient Methods of Measuring Welfare Change and Compensated Income in Terms of Ordinary Demand Functions.” Econometrica 51 (1983):7998.Google Scholar
Willig, Robert D.Consumer's Surplus Without Apology.” Amer. Econ. Rev. 66 (1976):589597.Google Scholar