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Comparing values for a private envir...

University of Nevada, Las Vegas.

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Comparing values for a private environmental good, xeriscape: Hedonic price method versus contingent valuation method.

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Comparing values for a private environmental good, xeriscape: Hedonic price method versus contingent valuation method./
作者:	Rollins, Carole Ann.
面頁冊數:	191 p.
附註:	Adviser: Helen Neill.
Contained By:	Dissertation Abstracts International69-06B.
標題:	Economics, General. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3319137
ISBN:	9780549695059

Comparing values for a private environmental good, xeriscape: Hedonic price method versus contingent valuation method.
Rollins, Carole Ann.

Comparing values for a private environmental good, xeriscape: Hedonic price method versus contingent valuation method. - 191 p.

Adviser: Helen Neill.

Thesis (Ph.D.)--University of Nevada, Las Vegas, 2008.

The hedonic price method (HPM) and the contingent valuation method (CVM) are two valuation techniques used to estimate and report benefits of public and private environmental goods. Both methods are used in comparison studies for public goods, but not for private goods. The purpose of this study is to extend the knowledge of economic valuation for a private good by comparing a reported value from a contingent valuation survey with an estimate from the HPM using the application of xeriscape landscaping in residential settings. Market data were collected from 500 residential locations in Clark County, Nevada; of this sample, 250 homes had xeriscape landscaping, and the remaining 250 homes did not. Surveys were mailed to these locations, and a copy of the survey was also made available on the Internet. A total of 49 respondents was obtained. The key findings are that (a) market participants value xeriscape landscaping; (b) survey respondents value xeriscape landscaping; and (c) a benefit estimate for the private environmental good using the HPM is greater than a benefit reported using the CVM, confirming results from past studies of public goods. This study contributes to the literature by exploring the literature gap in welfare measurement when using two methods and making comparisons and helps to further identify the advantages and limitations of the HPM and CVM valuation techniques.

ISBN: 9780549695059Subjects--Topical Terms:

1017424
Economics, General.

Comparing values for a private environmental good, xeriscape: Hedonic price method versus contingent valuation method.
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502 $a Thesis (Ph.D.)--University of Nevada, Las Vegas, 2008.
520 $a The hedonic price method (HPM) and the contingent valuation method (CVM) are two valuation techniques used to estimate and report benefits of public and private environmental goods. Both methods are used in comparison studies for public goods, but not for private goods. The purpose of this study is to extend the knowledge of economic valuation for a private good by comparing a reported value from a contingent valuation survey with an estimate from the HPM using the application of xeriscape landscaping in residential settings. Market data were collected from 500 residential locations in Clark County, Nevada; of this sample, 250 homes had xeriscape landscaping, and the remaining 250 homes did not. Surveys were mailed to these locations, and a copy of the survey was also made available on the Internet. A total of 49 respondents was obtained. The key findings are that (a) market participants value xeriscape landscaping; (b) survey respondents value xeriscape landscaping; and (c) a benefit estimate for the private environmental good using the HPM is greater than a benefit reported using the CVM, confirming results from past studies of public goods. This study contributes to the literature by exploring the literature gap in welfare measurement when using two methods and making comparisons and helps to further identify the advantages and limitations of the HPM and CVM valuation techniques.
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