ARE 262 - Non-Market Valuation (Spring)
Hanemann
The economic concept of value; historical evolution of market and non-market valuation; revealed preference methods: single site demand, multi-site demand, corner solution models, and valuation of quality changes; averting behavior; the hedonic method; contingent valuation; other stated preference methods: ranking, choice, conjoint analysis; the value of life and safety; sampling and questionnaire design for valuation surveys.
City and Regional Planning
The economic concept of value; historical evolution of market and non-market valuation; revealed preference methods: single site demand, multi-site demand, corner solution models, and valuation of quality changes; averting behavior; the hedonic method; contingent valuation; other stated preference methods: ranking, choice, conjoint analysis; the value of life and safety; sampling and questionnaire design for valuation surveys.
City and Regional Planning
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