Abstract
Environmental valuation refers to a variety of techniques to assign monetary values to environmental impacts, especially non-market impacts. It has experienced a steady growth in the number of publications on the subject in the last 30 years. We performed a search for papers containing the term “environmental valuation” in the title, abstract, or keywords. The search was conducted with an online literature search engine of the Web of Science (WoS) electronic databases. A search of this database revealed that the term “environmental valuation” appeared for the first time in 1987. Since then a large number of studies have been published, including significant breakthroughs in theory and applications. In the present work 661 publications were selected for a review of the literature on environmental valuation over the period 1987–2019. This paper analyzes the evolution of the leading methodologies and authors, highlights the preference for the choice experiment method over the contingent valuation method, and shows that relatively few papers have had a strong impact on the researchers in this area.
Highlights
Environmental valuation has traditionally been considered in the context of non-market valuation.Its aim is to obtain a monetary measure of the benefit or cost to the welfare of individuals and social groups of environmental improvement interventions or the consequences of environmental degradation [1,2]
The analysis showed that keywords related to the choice experiment method appeared in 165 papers, while other methods had a lower frequency
This paper introduces an empirical comparison of the contingent valuation method and choice experiments
Summary
Environmental valuation has traditionally been considered in the context of non-market valuation.Its aim is to obtain a monetary measure of the benefit or cost to the welfare of individuals and social groups of environmental improvement interventions or the consequences of environmental degradation [1,2]. Environmental valuation has traditionally been considered in the context of non-market valuation. The ultimate goal is not to value a (non-market) environmental good in monetary terms, but to provide decision-makers with the necessary tools to take the appropriate political initiatives to efficiently allocate resources, impose taxes and design compensation schemes [3,4], even after assuming the difficulties of developing theoretically grounded practical policy tools and avoiding political manipulation [5]. Environmental valuation methods have been used to determine the benefits and costs related to the use of environmental goods, improving their conditions or remedying environmental damage and must consider the complexity of the area. Some researchers have provided evidence of how worsening environmental conditions can affect the value of other goods. Noise and air pollution from road traffic have been reported to negatively impact real estate prices [7,8], and [9] reported that 55% of those surveyed in Brisbane (Australia) considered that noise adversely affected the value of their property
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Environmental Research and Public Health
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
