TY - BOOK AU - Johansson,Per-Olov TI - The economic theory and measurement of environmental benefits SN - 9780521348102 U1 - 339.4 22 PY - 1987/// CY - Cambridge [Cambridgeshire], New York PB - Cambridge University Press KW - Consumers' surplus KW - Public goods KW - Externalities (Economics) N1 - 1. INTRODUCTION 2. SOME BASIC CONCEPTS 1 The utility function 2 Utility maximization 3 Demand functions 4 The indirect utility function 5 The Expenditure function 3. THE CONCEPT OF CONSUMER SURPLUS 1 Money Measures and areas under ordinary demand curves 2 Path-independency conditions and the constancy of the marginal utility of income 3 The Compensating and equivalent variations 4 Two examples 4. TOPICS IN THE THEORY OF CONSUMER SURPLUS MEASURES 1 A Comparison of different money measures of utility change 2 A aggregation over individuals 3 Estimation of consumer Surplus 5. CONSUMER SURPLUS MEASURES IN QUANTITY-CONSTRAINED REGIMES 1 Quantity-constrained utility maximization 2 Consumer's surplus under rationing 3 An example 4 Compensating and equivalent variations{surpluses} in quantity-constrained situations 5 Some further results 6. PUBLIC GOOD AND EXTERNALITIES IN CONSUMPTION 1 A utility maximizing household consuming private and public goods 2 Public goods and uncompensated money measures of utility change 3 Compensating and equivalent variations 4 On the properties of money measures 5 External effects, quality changes, and market data 7. HOW TO OVERCOME THE PROBLEM OF PREFERENCE REVELATION: PRACTICAL METHODOLOGIES 1 Survey data 2 A Study based on the biding technique 3 Hedonic prices 4 A Property value study 5 A Comparison of survey and hedonic approaches, etc 8. DISCRETE CHOICE MODELS AND ENVIRONMENTAL BENEFITS 1 Behavior functions when some good are mutually exclusive 2 Critical price levels and corner solutions 3 Consumer surplus measures in the discrete choice case 4 The critical price level and the choice of measures 5 On the relevance of the travel cost method 9. CONSUMER'S SURPLUS IN AN INTERTEMPORAL CONTEXT 1 An intertemporal model 2 Overall versus instantaneous surplus measures 3 A Model with renewable resources 4 The Brown-Hammack model for the allocation of prairie wetlands 5 Estimation of the Brown-Hammack model, etc. 10. WELFARE CHANGE MEASURES IN A RISKY WORLD 1 Risk measures and the properties of the utility function 2 Consumer's surplus under price uncertainty 3 Discrete choice under uncertainty : Housing tenure 4 Intertemporal model 5 Expected consumer's surplus, option price and option value 11. MONEY MEASURES OF THE TOTAL VALUE OF ENVIRONMENTAL ASSETS 1 On the total values of a resource 2 Uncertain supply of an environmental asset 3 Access value 4 Estimating option price for wildlife resources 5 Quasi-option value, etc ; Bibliography Index: p. 220-223 ER -