My suggested definition of "Non-Market Valuation":

"The measurement and translation, into dollars, of the economic values society derives from environmental amenities and natural resources other than those that can be directly sold and bought in existing markets".

Short Powerpoint presentation on "Non-market valuation" to give you a flavor of objectives and topics for this course.

Syllabus

Useful Web Links

• Website with data for "A Primer on Nonmarket Valuation"
   
• Environmental Valuation Reference Inventory (EVRI)
   
• E-LAW links for "Economic Valuation"
   
• Inflation calculator (based on CPI)

STATA sites / material

• Stata home page
• Resources for learning STATA (an overview of STATA sites)
• Princeton's Stata tutorial (good starting point)
   
• Lab tutorial:
  • demo_instructions (lab demo instructions, Word format)
  • demo_do (Do file in Word format)
  • demo_data (data in Excel format)

•  "Use of Non-market Valuation Studies in Water Resource Management Assessment" (by J. Loomis, Water Resources Update, 109 (1997): 5 - 9)
• "Use of Non-Market Valuation Methods in the courtroom" (by C.A. Jones, Water Resources Update, 109 (1997): 10-18)

Additional Lecture Material

• Lecture Slides
   
• Welfare Game
   
• Practice scenarios for CV, EV
   
• Practice scenarios for CoS, ES
   
• Travel cost method: single site example
   
  • STATA "do" file
  • STATA log file
  • Data (Excel)
  • Map of Truckee -Carson-Walker watersheds
     
• Travel cost method: multi-site ("system") example
   
  • STATA "do" file (for preparing data)
  • STATA "do" file for running models
  • STATA log file (saved in Word format for better readability)
  • Data before preparation (STATA7 format)
  • Data after preparation (STATA7 format)
     
• Hedonic Property Value Model
   
  • STATA "do" file
  • STATA log (in Word format for better readability)
  • Data (STATA7 format)
     
  • STATA do file for post-estimation tests
  • STATA log file for post-estimation tests (in Word format)
  • Full Data (same Data as above, but with more variables)
    
     
• Survey Examples
   
  • Jet ski survey (2001 / 2002); Contingent Behavior
  • Mud snail survey Contingent Experiment version (not implemented)
  • Arsenic survey (2006); Dichotomous Choice, Double-bounded
  • UNR Parking survey (2001); Simple Contingent Experiment
     
• WTP / WTA papers
  • Hanemann 1991
  • Shogren et al. 1994
  • Clinch and Murphy, 2001
  • Horowitz / McConnell, 2003 (good synthesis)
     
• Dichotomous Choice ("Referendum Style") Model
  • Example for Kristrom (1990) method to analyze dichotomous choice data (Excel format)
  • Example for Cameron model
    • do-file
    • log-file (Word format)
    • data (STATA v7 format)
      
       
• Multi-attribute ("Choice Experiment") example
  • Maine Forest Management Data (v7 format)
  • Data after running do file (v7 format)
  • do-file
  • log file (Word format)
    
     
• Benefit Transfer
  • ASU presentation (The first 12 slides are relevant)
  • Spring Valley case study (pdf file)
  • Examples for point and function transfer
  • JEEM paper (N vs. K dilemma, what to do with methodological stuff)
  • Optimal Scope paper
     
  • Meta-regression example
    • do-file
    • log (Word format)
    • data (STATA v7 format)
      
      
       

Problem Sets

•  PS 1 (464)
•  PS 1 (664)
   
• PS2 (464)
• PS2 (664)
  • PS2 data (Excel format)
  • Log
     
• PS3 (464)
  • PS3data_464
• PS3 (664)
  • PS3data_664
     
• PS4 (464)
• PS4 (664)
  • PS4data
  • Log
     
• PS5 (464)
• PS5 (664)
  • PS5data
  • log
     
• PS6 (464)
• PS6 (664)
  • PS6data
  • PS6data, v7
  • log
     
• PS7 (464)
• PS7 (664)
  • PS7data