The Public Finances

The Public Finances

Nonetheless , this cost will not show up in any statistical series as a government
outlay . The search for any completely suitable measure of the value of public
services must be abandoned early in the game . Different goods and services
may ...

Author: James M. Buchanan

Publisher: Richard d Irwin

ISBN: 0256033404

Category: Business & Economics

Page: 410

View: 148

Categories: Business & Economics

Measuring the Value of Public Goods

Measuring the Value of Public Goods

A digital copy of this work may also be found in the university's institutional repository, [email protected] The content of this dissertation has not been altered in any way.

Author: David Carter

Publisher:

ISBN: 0530000679

Category: Technology & Engineering

Page: 142

View: 998

Dissertation Discovery Company and University of Florida are dedicated to making scholarly works more discoverable and accessible throughout the world. This dissertation, "Measuring the Value of Public Goods" by David William Carter, was obtained from University of Florida and is being sold with permission from the author. A digital copy of this work may also be found in the university's institutional repository, [email protected] The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation.
Categories: Technology & Engineering

Using Surveys to Value Public Goods

Using Surveys to Value Public Goods

Mitchell and Carson, for reasons presented in this book, argue that at this time the contingent valuation (CV) method offers the most promising approach for determining public willingness to pay for many public goods---an approach likely to ...

Author: Robert Cameron Mitchell

Publisher: Routledge

ISBN: 9781135887742

Category: Technology & Engineering

Page: 484

View: 388

Economists and others have long believed that by balancing the costs of such public goods as air quality and wilderness areas against their benefits, informed policy choices can be made. But the problem of putting a dollar value on cleaner air or water and other goods not sold in the marketplace has been a major stumbling block. Mitchell and Carson, for reasons presented in this book, argue that at this time the contingent valuation (CV) method offers the most promising approach for determining public willingness to pay for many public goods---an approach likely to succeed, if used carefully, where other methods may fail. The result of ten years of research by the authors aimed at assessing how surveys might best be used to value public goods validly and reliably, this book makes a major contribution to what constitutes best practice in CV surveys. Mitchell and Carson begin by introducing the contingent valuation method, describing how it works and the nature of the benefits it can be used to measure, comparing it to other methods for measuring benefits, and examining the data-gathering technique on which it is based---survey research. Placing contingent valuation in the larger context of welfare theory, the authors examine how the CV method impels a deeper understanding of willingness-to-pay versus willingness-to-accept compensation measures, the possibility of existence values for public goods, the role of uncertainty in benefit valuation, and the question of whether a consumer goods market or a political goods market (referenda) should be emulated. In developing a CV methodology, the authors deal with issues of broader significance to survey research. Their model of respondent error is relevant to current efforts to frame a theory of response behavior and bias typology will interest those considering the cognitive aspects of answering survey questions. Mitchell and Carson conclude that the contingent valuation method can obtain valid valuation information on public goods, but only if the method is applied in a way that addresses the potential sources of error and bias. They end their book by providing guidelines for CV practitioners, a list of questions that should be asked by any decision maker who wishes to use the findings of a CV study, and suggestions for new applications of contingent valuation. Additional features include a comprehensive bibliography of the CV literature and an appendix summarizing more than 100 CV studies.
Categories: Technology & Engineering

Using Surveys to Value Public Goods The Contingent Valuation Method

Using Surveys to Value Public Goods  The Contingent Valuation Method

The result of ten years of research by the authors aimed at assessing how surveys might best be used to value public goods validly and reliably, this book makes a major contribution to what constitutes best practice in CV surveys.

Author: R. Cameron Mitchell

Publisher:

ISBN: OCLC:476026163

Category:

Page: 463

View: 947

The result of ten years of research by the authors aimed at assessing how surveys might best be used to value public goods validly and reliably, this book makes a major contribution to what constitutes best practice in CV surveys. The authors begin by introducing the contingent valuation method, describing how it works and the nature of the benefits it can be used to measure, comparing it to other methods for measuring benefits, and examining the datagathering technique on which it is based - survey research. Placing contingent valuation in the larger context of welfare theory, the authors examine how the CV method impels a deeper understanding of willingness-to-pay versus willingness-to-accept compensation measures, the possibility of existence values for public goods, the role of uncertainty in benefit valuation, and the question of whether a consumer goods market or a political goods market (referenda) should be emulated.
Categories:

Using Surveys to Value Public Goods

Using Surveys to Value Public Goods

Travel cost analysis , for example , is an ex - post welfare measure which tends to
exclude existence values , whereas contingent valuation is an ex - ante measure
and includes these values . In one study valuing a recreation site ( Thayer ...

Author: Robert Cameron Mitchell

Publisher: Resources for the Future

ISBN: 0915707322

Category: Business & Economics

Page: 463

View: 599

Provides decision makers, policy analysts, and social scientists, with a detailed discussion of a new techniques for the valuation of goods not traded in prevate markets.
Categories: Business & Economics

Public Goods and Private Wants

Public Goods and Private Wants

This measure is perhaps not so well adapted for exploring the way people think
about government as category rating , nor does it give much information as to
strength of people ' s values or preferences . On the other hand , it is very simple
for ...

Author: Simon Kemp

Publisher: Edward Elgar Pub

ISBN: UCSC:32106011355788

Category: Political Science

Page: 196

View: 268

Kemp (psychology, U. of Canterbury, New Zealand) uses psychophysical scaling techniques to measure how people value goods and services provided by government. Such measure is necessary, he says, because people's behavior reveals little of their feeling about government services. His topics include economics and public goods, quality of life, taxation and its relationship to spending, and valuation and knowledge of cost. Annotation copyrighted by Book News, Inc., Portland, OR
Categories: Political Science

Principles of Economics

Principles of Economics

Although we pay for most government goods and services through taxes , we pay
for some in the same way we pay for private goods and ... In measuring value ,
economists accept the market's judgment and do not try to impose their own .

Author: J. Vernon Henderson

Publisher:

ISBN: PSU:000024665193

Category: Economics

Page:

View: 455

Categories: Economics

The Contingent Valuation of Environmental Resources

The Contingent Valuation of Environmental Resources

This approach could possibly be extended to public goods . Chapter 12 by
Wallace Oates examines public goods resulting from actual decisions through
the collective choice methodology . Other approaches to value measurement
infer ...

Author: David J. Bjornstad

Publisher: Edward Elgar Pub

ISBN: UOM:39015037266015

Category: Nature

Page: 305

View: 977

Fifteen papers written by scholars examining the relative merits of contingent valuation analysis of environmental resources and suggesting a research agenda to improve estimates. Central to the discussions is how economic valuation is obtained through survey measurements, and how practitioners must address the need for a broad perspective in valuation research, support replications studies, define the relationship between survey structure and survey responses, and promote better internal and external validity testing. Annotation copyright by Book News, Inc., Portland, OR
Categories: Nature

How Regional Differences in Taxes and Public Goods Distort Life Cycle Location Choices

How Regional Differences in Taxes and Public Goods Distort Life Cycle Location Choices

The next row in Table 7 , row seven , indicates how raising the value of B to .75
times the estimated value of a affects measured location distortion for the U.S.
Since the value of B does not influence how much agents value consumption ...

Author: Laurence J. Kotlikoff

Publisher:

ISBN: IND:30000113457091

Category: Moving, Household

Page: 58

View: 778

Locational choice is one of the fundamental exercises of consumer sovereignty. When regions (or localities within regions) specify different tax rates or supply different amounts of public goods, they distort individuals' location choices. This paper models and measures for the U.S. and New England the location distortion arising from inter regional differences in taxation and supplies of public goods. In our overlapping generations model agents, at each point in their lifespan, choose where to locate taking into account their locational preferences, each region's wage, consumption, and personal capital income taxes, and each region's supply of public goods. The findings suggest that regional fiscal differences play an important role in the location choices of three to four percent of Americans. For these Americans the distortion of location choice is equivalent to roughly a half of a percent of their lifetime consumption. Across all Americans, however, the location distortion induced by U.S. regional fiscal differences is quite small, simply because the differences in tax rates and per capita levels of public goods expenditures across regions are not sufficiently large to induce most Americans to change location. Our analysis indicates, however, that location distortions are an increasing function of regional differences in tax rates and levels of public goods expenditure. Indeed, a doubling of the scale of public finances across all U.S. states would lead to roughly a quadrupling of the location distortion.
Categories: Moving, Household

Financing Local Government

Financing Local Government

... of thinking about public goods . Public goods and services , as several of the
papers point out , too often have ... Clearly it is not enough to measure the value
of a public good solely in terms of its expenditure . But there are other important ...

Author: Mark S. Rosentraub

Publisher:

ISBN: PSU:000002638553

Category: Municipal finance

Page: 105

View: 247

Categories: Municipal finance

Valuing Cultural Heritage

Valuing Cultural Heritage

REFERENCES Andreoni J. 1988: "Privately Provided Public Goods in a Large
Economy: The Limits of Altruism", Journal of ... Bishop R. and T. Heberlein 1979: "
Measuring the Values of Extra-Market Goods: Are Indirect Measures Biased?

Author: Charles R Plott

Publisher: Edward Elgar Publishing

ISBN: STANFORD:36105110254419

Category: Nature

Page: 280

View: 489

The use of non-market valuation methods has been growing over the past decades among those who seek to underline the value of the environment. Now, Navrud (environmental and resource economics, Agricultural U. of Norway) and Ready (environmental and natural resource economics, Pennsylvania State U., USA) argue that such techniques can be readily applied to "cultural heritage goods." After introducing the basic methods used in a couple of introductory chapters, they present 11 studies that attempt to value such cultural goods as Stonehenge, Bulgarian monasteries, aboriginal rock paintings in North America, and Roman Imperial remains near Naples. A final chapter reviews existing studies using non-market valuation techniques and suggests future research needs. Annotation copyrighted by Book News, Inc., Portland, OR
Categories: Nature

Bulletin

Bulletin

Bishop , R. C. , and Heberlein , T. A. " Measuring Values of Extramarket Goods :
Are Indirect Measures Biased ? " American Journal of Agricultural Economics 61
( 5 ) ( December , 1979 ) : 926-30 . Bohm , P. " Estimating the Demand for Public
 ...

Author: Hatch Experiment Station

Publisher:

ISBN: UIUC:30112019625364

Category: Agriculture

Page: 46

View: 997

Categories: Agriculture

Public Goods and Income Distribution

Public Goods and Income Distribution

Cs : the unit cost ( assumed constant ) of producing specific good i ; YPG : total
expenditure on pure public goods which ... Try measures the degree to which net
tax payments exceed or fall short of the value of goods and services provided by
 ...

Author: Henry J. Aaron

Publisher:

ISBN: IND:39000007699833

Category: Expenditures, Public

Page: 14

View: 466

Categories: Expenditures, Public

Pesticide Avoidance

Pesticide Avoidance

29 ) points out that the CVM can be applied to obtain values of pure public goods
, goods with both private and public ... for valuing non - market goods and is
supplemented by other techniques of measuring values of non - market goods .

Author: Clevo Wilson

Publisher:

ISBN: UOM:39015042641855

Category: Pesticides

Page: 22

View: 204

Categories: Pesticides

Forest Values

Forest Values

Ibid , p.34 7. Measuring Unpriced Values in Ontario's Forests : An Economic
Perspective and Annotated Bibliography , p.2 8 . 1991 National Survey of
Canadian Public Opinion on Forestry Issues . ... Using Surveys to Value Public
Goods . 20.

Author:

Publisher:

ISBN: MINN:31951D00898303V

Category: Forests and forestry

Page: 64

View: 160

Categories: Forests and forestry

Sustainable Environmental Economics and Management

Sustainable Environmental Economics and Management

Public environmental amenity benefits of private land : The case of prime
agricultural land . Southern Journal of Agricultural Economics 17 ( 1 ) . Bishop , R
. and Heberlein , T . ( 1979 ) . Measuring values of extra market goods : Are
indirect ...

Author: R. Kerry Turner

Publisher:

ISBN: 1852932031

Category: Developing countries

Page: 389

View: 675

A refounded and rewritten edition of R.K. Turner's Sustainable Environmental Management, which has become a leading text and reference on the principles of sustainable approaches to environmental problems. This new edition features extended coverage of environmental economics.
Categories: Developing countries

The Economics of the Environment

The Economics of the Environment

Bohm , Peter , “ Estimating Demand for Public Goods : An Experiment , "
European Economic Review , 1972 , 3 , 11 - 130 . ... Freeman III , A . Myrick , "
Hedonic Prices , Property Values and Measuring Environmental Benefits : A Sur
ey of the ...

Author: Wallace E. Oates

Publisher: Edward Elgar Pub

ISBN: UCSC:32106010818331

Category: Business & Economics

Page: 608

View: 272

This work deals with the economics of the environment. Topics covered include the theory of environmental regulation; the design and implementation of environmental policy; the measurement of the costs and benefits of environmental amenities; enforcement of policies; and conservation.
Categories: Business & Economics

Public Goods Mixed Goods and Monopolistic Competition

Public Goods  Mixed Goods  and Monopolistic Competition

Both indifference curves intersect the vertical , x , , axis at the same point , A ,
illustrating the condition ( 7 . 3 ) that no benefits are gained from the enhanced
public good without its utilization . The distance BA is the total value , measured
in ...

Author: Stephen Shmanske

Publisher: TAMU Press

ISBN: UOM:39015021836856

Category: Business & Economics

Page: 225

View: 577

Public goods and monopolistic competition have traditionally been separate fields of study in microeconomics, each field having its own array of models. In this book, Stephen Shmanske builds a theoretical bridge between these two areas, suggesting that public goods and monopolistic competition are different dimensional simplifications of the same general model. The author argues first that the generic model for public goods has two dimensions of consumption but that public goods models have usually ignored or simplified the utilization dimension. Furthermore, private goods models in the monopolistic competition vein also have two implicit dimensions of consumption, but again, one of the dimensions is treated in a very constrained fashion. As it turns out, between public goods and monopolistic competition, each model emphasizes the dimension that is ignored or simplified in the other. Thus, the general, mixed goods model draws from both traditions, using the results of one model to generalize and extend the other. An immediate implication of the analysis is that the traditional models of public goods and monopolistic competition have focused on special cases and thus have provided misleading conclusions. Specifically, monopolistic competition and other models of differentiated oligopoly have reached conclusions in settings that emphasize uniform pricing despite the facts that (1) discriminatory pricing has been studied in competitive situations in public goods models, (2) discriminatory pricing is the more usual pricing method, and (3) the results obtained using uniform pricing do not generalize to more sophisticated pricing regimes. Meanwhile, public goods models have focused on special cases like national defense, where the results obtained do not generally apply in other public or mixed goods settings. Shmanske's conclusions have great relevance to policy formation on public goods provision. Public goods and mixed goods are not curious anomalies; they are all around us, and in most cases competitive private sector agents can and have been providing public goods with no market failure. Professionals and scholars in the areas of public finance and industrial organization will appreciate Shmanske's careful critique of existing models and his rigorous conceptualizing and modeling of public goods in private markets characterized by monopolistic competition.
Categories: Business & Economics