Valuation Techniques for Social Cost-Benefit Analysis: - HM Treasury

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HM Treasury contacts This document can be found in full on our website at: hm-treasury.gov.uk If you require this information in another language, format or have general enquiries about HM Treasury and its work, contact: Correspondence Team HM Treasury 1 Horse Guards Road London SW1A 2HQ Tel: 020 7270 4558 Fax: 020 7270 4861 E-mail: public.enquiries@hm-treasury.gov.uk
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Valuation Techniques for Social Cos
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Official versions of this document
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Foreword The Government is committe
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1 Introduction The Green Book refer
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2 Background: Monetary Valuation Ec
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3 Valuation Methods This chapter pr
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The two most common revealed prefer
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the MRS between income and the non-
Page 17 and 18:
18 discussion here is also relevant
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20 Loomes (2006) reviews a number o
Page 21 and 22:
22 The theory of constructed prefer
Page 23 and 24: 24 learning and experience Bateman
Page 25 and 26: 26 life in general (Schwarz and Str
Page 27 and 28: 28 well-trained interviewers (Carso
Page 29 and 30: 30 make definitive statements regar
Page 31 and 32: 32 o Market imperfections o Measuri
Page 33 and 34: 34 See Blumenschein et al. (2008) f
Page 35 and 36: 36 The hedonic approach rests on th
Page 37 and 38: 38 As already discussed in section
Page 39 and 40: 40 illusion. Instead, respondents a
Page 41 and 42: 42 Data The British Household Panel
Page 43 and 44: 44 either Dolan et al.‘s (2011b)
Page 45 and 46: 46 Without a lagged model that acco
Page 47 and 48: 48 nearly twice the size of average
Page 49 and 50: 50 Here we discuss some of the inte
Page 51 and 52: 7 Conclusion This paper serves as a
Page 53 and 54: 56 from the knowledge that the poin
Page 55 and 56: 58 Regardless of the elicitation fo
Page 57 and 58: 60 market clears with each worker s
Page 59 and 60: 62 Single-site travel cost model ap
Page 61 and 62: 64 Luechinger (2009) Germany Air qu
Page 63 and 64: 66 Boyle, K. 2003. Contingent Valua
Page 65 and 66: 68 Dolan, P., Kahneman, D., 2008. I
Page 67 and 68: 70 Guria, J., Jones-Lee, M., Leung,
Page 69 and 70: 72 Krutilla, J. V. 1967. Conservati
Page 71 and 72: 74 Powdthavee, N., 2008. Putting a
Page 73: 76 van den Berg, B., Ferrer-i-Carbo
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Valuation Techniques for Social Cost-Benefit Analysis: - HM Treasury

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