Economic valuation methods and CE

Recently I have received many questions from students and research fellows on valuation methods and particularly on Choice Experiment. From searching for them, I realize that I myself don’t have proper learning materials for newbies. Thus, I will start collecting them here.

  1. TCM: ecosystemvaluation.org (good sample exercise), its lecture note and some more exercises
  2. Wikipedia (don’t under-estimated it)
  3. ECON4910 in UiO. I found this particular lecture note worth reading, especially the NOAA on page 14.
  4. *NYU Stern’s material 1 and materials 2 and labs, data (or data 2) on CE
  5. List of materials on other valuation methods in Cornell Universtiy
  6. Aboutvalues.net: methods and cases
  7. Ecosystem valuation estimator in the Lower Mekong Basin by USAID; and more description here
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Natural Capital and National Accounts

“Natural capital” might be a new concept for now, but it will surely be popular soon. “National Accounts” should be more familiar to you, but how to account for national capital in the System of National Accounts (SNA) is a new big deal. On the way of learning, I save basic materials and also some food for thought here.

  1. The natural capital platform that some colleges and I are trying to enrich.
  2. Natural capital project in Stanford
  3. Values method navigator

Food for thought:

  1. I still think that environmental services are different to ecosystem services. It might be true to say that national capital includes ecosystem services, but you should not say the same thing with environmental services. The natural capital would never be able to include “quasi-option value” is just one reason. But I might find myself wrong down the track.
  2. It would be nice if we can use GIS to present the ES values and even the natural capital on a 2D map.