We formulate and test the hypothesis that expectations regarding changes in future income influences the WTP for environmental goods. For valuation of environmental goods in forests and other habitats in Denmark, we find that both current income and expected changes in future income are...

While the compensatory model of choice dominates the environmental valuation literature, non-compensatory models, where individuals do not tradeoff one attribute for another, are sometimes found to be better representations of choice behavior. Most non-compensatory models employ “cutoffs”,...

The article highlights the role of heterogeneity in the formation of hedonic prices. The article distinguishes between continuous and groupwise heterogeneity. The distinction helps understanding two important points. First, the analysis of market equilibrium with groupwise heterogeneity makes...

To decide on the policy measures to be implemented, policymakers need comprehensive information on the costs and benefits of land conversion for society. Accordingly, the EU Biodiversity Strategy requires the member countries to assess their ecosystems and the economic value of their ecosystem...

Environmental value - an institutional- ecological heterodox perspective - This article discusses an environmental valuation perspective, based on heterodox foundations, in an approach here called institutional-ecological. First, it is identified the main limits of neoclassical approach and its...

The use of economic valuation methods to assess environmental impacts of projects and policies has grown considerably in recent years. However, environmental valuation appears to have developed independently of regulations and practice of environmental impact assessment (EIA), despite its...

There is a rising tendency for environmental economics to be viewed as exclusively concerned with valuing everything in monetary terms and there are certainly some among its ranks whose own self-interest leads them to preach that line in public. However, acceptance of the many valid criticisms...

This study explores the effects of air pollution on self-reported health status. Moreover, this study explores the willingness to pay for improving the air quality in UK. The estimates are based on data from the British Household Panel Survey (BHPS). The effects of air pollution on...

This study explores the determinants of health status in Turkey. Moreover, this study explores the willingness to pay for reducing the air and noise pollution. The estimates are based on data from the annual Income and Living Conditions Survey (ILCS) in Turkey which took place in period...

Numerous attempts have been made to evaluate economic impacts by climate change, and the evaluation method can be classified into two approaches. One is a partial equilibrium approach and the other is a general equilibrium approach. The former method includes a travel cost method (TCM) and a...