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Contingent Valuation of Environmental Goods: A Comprehensive Critique

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ISBN: 9781786434685 9781786434692 Year: Pages: 336 DOI: 10.4337/9781786434692 Language: English
Publisher: Edward Elgar Publishing
Subject: Environmental Sciences
Added to DOAB on : 2017-04-19 12:41:51
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Contingent valuation is a survey-based procedure that attempts to estimate how much households are willing to pay for specific programs that improve the environment or prevent environmental degradation. For decades, the method has been the center of debate regarding its reliability: does it really measure the value that people place on environmental changes? Bringing together leading voices in the field, this timely book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique’s continued use.

Resilience of US metropolitan areas to the 2008 financial crisis (Book chapter)

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ISBN: 9781785360282 9781785360299 Year: Pages: 19 DOI: 10.4337/9781785360299.00012 Language: English
Publisher: Edward Elgar Publishing
Subject: Economics --- Business and Management
Added to DOAB on : 2019-06-12 12:13:18
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This chapter seeks to explain why only a minority of US metropolitan areas enjoyed quicker recovery and higher levels of economic growth following the 2008 banking crisis and recession of 2007‒2009. An uneven pattern of growth came into being over the course of the recession and persisted through 2013, evident in both total employment and on a sectoral basis. Using cluster analysis, we characterize the best performing group of metropolitan areas as exhibiting less economic sectorial diversity than average and lower rates of subprime mortgages as a share of all households. The worst performing areas show the highest average rates of household distress as well as bank failures. The most consistent pattern among our variables was that gradually worsening growth outcomes were associated with increasingly larger subprime mortgage and HAMP concentrations. Our findings recommend further research into the conditions of financial distress among metropolitan areas as well as into the nature of sector specialization, as both potential factor affecting growth.

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