Econometrics Informing Natural Resources Management: Selected Empirical Analyses (new Horizons In Environmental Economics Series)

This fascinating book outlines the fundamental principles and difficulties that characterize the challenging task of using econometrics to inform natural resource management policies, and illustrates them through a number of case studies from all over the world. The book offers a comprehensive overview of the broader picture of the state-of-the-art in econometrics as applied to environmental and natural resource management. It includes a wide range of econometric techniques that can be used to inform natural resource management, while keeping a balance between methods and applications. Case studies have been carefully chosen to be of major concern in the arena of environmental policy, mainly in Europe (both EU member states and assessing countries), but also in the US and some developing countries. Econometrics Informing Natural Resources Management will be welcomed by academics and researchers interested in the areas of natural resource economics and econometrics, and also applied econometrics. This Book Outlines The Fundamental Principles And Difficulties That Characterise The Challenging Task Of Using Econometrics To Inform Natural Resource Management Policies, And Illustrates Them Through A Number Of Case Studies From All Over The World. The Book Offers A Comprehensive Overview Of The Broader Picture Of The State-of-the-art In Econometrics As Applied To Environmental And Natural Resource Management. It Includes A Wide Range Of Econometric Techniques That Can Be Used To Inform Natural Resource Management, While Keeping A Balance Between Methods And Applications. Case Studies Have Been Carefully Chosen To Be Of Major Concern In The Arena Of Environmental Policy, Mainly In Europe (both Eu Member States And Assessing Countries), But Also In The Us And Some Developing Countries. 1. Econometrics Informing Natural Resources Management : Introducing The Book / Phoebe Koundouri -- 2. Sustainability Informed By Econometrics : The Dynamics Of The Long-run Discount Rate / Ben Groom And Phoebe Koundouri -- 3. Water Pricing Reforms In Mexico : The Case Of The Manufacturing Sector / Hilda Guerrero Garcia Rojas And Alban Thomas -- 4. Residential Water Demand In The Slovak Republic / Laurent Dalmas And Arnaud Reynaud -- 5. Estimating Urban Water Demands : A Dynamic Approach / Maria A. Garcia-valinas -- 6. Households' Valuation Of Domestic Water In Indonesia : Revisiting The Supply Driven Approach / Arief Anshory Yusuf And Phoebe Koundouri -- 7. Conflicts In Wildlife Conservation : Aggregating Total Economic Values / Timothy Swanson And Andreas Kontoleon -- 8. Contingent Ranking Of River Water Quality Improvements / Stavros Georgiou, Ian Bateman, Matthew Cole And David Hadley --^ 9. Environmental Resource Information And The Validity Of Non-use Values : The Case Of Remote Mountain Lakes / Ben Groom, Andreas Kontoleon And Timothy Swanson -- 10. The Role Of Risk Properties And Farm Risk Aversion On Crop Diversity Conservation / Salvatore Di Falco And Charles Perrings -- 11. Stochastic Production In A Regulated Fishery : The Importance Of Risk Considerations / Phoebe Koundouri And Marita Laukkanen -- 12. Is Irrigation Water Demand Really Convex? / Christophe Bontemps, Stephane Couture And Pascal Favard -- 13. Contrasting Conventional With Multi-level Modelling Approaches To Meta-analysis : Expectation Consistency In Uk Woodland Recreation Values / Ian J. Bateman And Andrew P. Jones -- 14. Individual-specific Welfare Measures For Public Goods : A Latent Class Approach To Residential Customers Of Yorkshire Water / Riccardo Scarpa, Kenneth G. Willis And Melinda Acutt --^ 15. Estimation Of Resource Management Objectives Through Empirical Likelihood : Can Regulatory Policies And Economic Optimization Be Reconciled? / Marita Laukkanen -- 16. Examining The Environmental Kuznets Curve : What Can Kernel Estimation Say? / Salvatore Di Falco. Edited By Phoebe Koundouri. Includes Index. Includes Bibliographical References And Index. Contents 7 Contributors 9 Acknowledgements 12 INTRODUCTION 15 1. Econometrics informing natural resources management: introducing the book 17 2. Sustainability informed by econometrics: the dynamics of the long-run discount rate 28 PART I Static and dynamic estimation of natural resource demand 57 3. Water pricing reforms in Mexico: the case of the manufacturing sector 59 4. Residential water demand in the Slovak Republic 97 5. Estimating urban water demands: a dynamic approach 124 PART II Valuation methods 139 6. Households’ valuation of domestic water in Indonesia: revisiting the Supply Driven Approach 141 7. Conflicts in wildlife conservation: aggregating total economic values 157 8. Contingent ranking of river water quality improvements 189 9. Environmental resource information and the validity of non-use values: the case of remote mountain lakes 209 PART III Estimation under uncertainty 243 10. The role of risk properties and farm risk aversion on crop diversity conservation 245 11. Stochastic production in a regulated fishery: the importance of risk considerations 261 12. Is irrigation water demand really convex? 277 PART IV Recent advances in econometrics methods applied to natural resource management 293 13. Contrasting conventional with multi-level modelling approaches to meta-analysis: expectation consistency in UK woodland recreation values 295 14. Individual-specific welfare measures for public goods: a latent class approach to residential customers of Yorkshire Water 330 15. Estimation of resource management objectives through empirical likelihood: can regulatory policies and economic optimization be reconciled? 352 16. Examining the Environmental Kuznets Curve: what can Kernel estimation say? 368 Index 387 This fascinating book outlines the fundamental principles and difficulties that characterise the challenging task of using econometrics to inform natural resource management policies, and illustrates them through a number of case studies from all over the world. The book offers a comprehensive overview of the broader picture of the state-of-the-art in econometrics as applied to environmental and natural resource management. It includes a wide range of econometric techniques that can be used to inform natural resource management, while keeping a balance between methods and applications. Case studies have been carefully chosen to be of major concern in the arena of environmental policy, mainly in Europe (both EU member states and assessing countries), but also in the US and some developing countries.Econometrics Informing Natural Resources Management will be welcomed by academics and researchers interested in the areas of natural resource economics and econometrics, and also applied econometrics.