Scope for Valuation of Environmental Goods

IT IS FEASIBLE TO OBTAIN DIRECT APPROXIMATIONS OF VALUES OF ENVIRONMENTAL GOODS IN A CONTROLLED, SIMULATED MARKET EXPERIMENT. AN EXPERIMENT AT OREGON STATE UNIVERSITY WAS CONDUCTED TO DETERMINE TRADE-OFF VALUES FOR SIX VARIABLES - NATURAL SURROUNDINGS, VARIOUS TYPES OF NOISES, RECREATION PARK FACILI...

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Veröffentlicht in:Land economics 1974-02, Vol.50 (1), p.89-92
Hauptverfasser: Pendse, Dilip, Wyckoff, J. B.
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container_end_page 92
container_issue 1
container_start_page 89
container_title Land economics
container_volume 50
creator Pendse, Dilip
Wyckoff, J. B.
description IT IS FEASIBLE TO OBTAIN DIRECT APPROXIMATIONS OF VALUES OF ENVIRONMENTAL GOODS IN A CONTROLLED, SIMULATED MARKET EXPERIMENT. AN EXPERIMENT AT OREGON STATE UNIVERSITY WAS CONDUCTED TO DETERMINE TRADE-OFF VALUES FOR SIX VARIABLES - NATURAL SURROUNDINGS, VARIOUS TYPES OF NOISES, RECREATION PARK FACILITIES, VEHICULAR TRAFFIC, TRAVEL TIME TO WORK AND PARKING CONVENIENCE. THESE VARIABLES WERE CHOSEN ON THE BASIS OF ENVIRONMENTAL CONDITIONS AND THE COMMUNITY INTEREST AT OSU. IT WAS CONCLUDED THAT INCOME LEVEL NOT ONLY INFLUENCES THE CHOICE PATTERNS, BUT ALSO THE VALUE OF ONE VARIABLE RELATIVE TO ANOTHER. WITH INCREASING INCOME, TIME OR CONVENIENCE FACTORS BECAME LESS ATTRACTIVE AND BEAUTY OR SERENITY BECAME MORE ATTRACTIVE.
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B.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Scope for Valuation of Environmental Goods</atitle><jtitle>Land economics</jtitle><date>1974-02-01</date><risdate>1974</risdate><volume>50</volume><issue>1</issue><spage>89</spage><epage>92</epage><pages>89-92</pages><issn>0023-7639</issn><eissn>1543-8325</eissn><coden>LAECAD</coden><abstract>IT IS FEASIBLE TO OBTAIN DIRECT APPROXIMATIONS OF VALUES OF ENVIRONMENTAL GOODS IN A CONTROLLED, SIMULATED MARKET EXPERIMENT. AN EXPERIMENT AT OREGON STATE UNIVERSITY WAS CONDUCTED TO DETERMINE TRADE-OFF VALUES FOR SIX VARIABLES - NATURAL SURROUNDINGS, VARIOUS TYPES OF NOISES, RECREATION PARK FACILITIES, VEHICULAR TRAFFIC, TRAVEL TIME TO WORK AND PARKING CONVENIENCE. THESE VARIABLES WERE CHOSEN ON THE BASIS OF ENVIRONMENTAL CONDITIONS AND THE COMMUNITY INTEREST AT OSU. IT WAS CONCLUDED THAT INCOME LEVEL NOT ONLY INFLUENCES THE CHOICE PATTERNS, BUT ALSO THE VALUE OF ONE VARIABLE RELATIVE TO ANOTHER. WITH INCREASING INCOME, TIME OR CONVENIENCE FACTORS BECAME LESS ATTRACTIVE AND BEAUTY OR SERENITY BECAME MORE ATTRACTIVE.</abstract><cop>Chicago</cop><pub>University of Wisconsin Press</pub><doi>10.2307/3145231</doi><tpages>4</tpages></addata></record>
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ispartof Land economics, 1974-02, Vol.50 (1), p.89-92
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1543-8325
language eng
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source Periodicals Index Online; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing
subjects Budget allocation
Communities
Economic research
Economic value
Financial budgets
Land economics
Motor vehicle traffic
Noise barriers
Parking facilities
Reports and Comments
Studies
Travel time
Variable budgets
title Scope for Valuation of Environmental Goods
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