Analysis of Academic Literature on Environmental Valuation

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.

Rethinking Legal Criteria for Assessing Compensation for Rural Land Expropriation: Towards a European Institutional Framework

“…There is a group of environmental assessment and management methods that are not based on the most orthodox economic analysis of consumer theory [77] and, in recent years, have experienced a high level of use, being applied to deal with different issues. These are known as multi-criteria decision methods [59,[63][64][65]68,71,72,[78][79][80]. They are based on the fact that economic agents do not optimize their decisions on the basis of a single objective, but rather try to reach a compromise solution based on multiple conflicting objectives, or aim to satisfy a series of goals associated with those objectives.…”

Valuation of Local Demand for Improved Air Quality: The Case of the Mae Moh Coal Mine Site in Thailand

“…The fact that the CVM is based on respondents' answers to questions (i.e., stated preferences), as opposed to observed actual behavior (i.e., revealed preferences), occasionally creates a controversy [47]. In the economics literature, the estimation of economic values based on how people respond to questions using hypothetical situations has been constantly debated [48].…”

Is your budget your guide? The willingness to pay for a more sustainable experience in Jericoacoara

“…The preoccupation with the scarcity of natural resources over the years has resulted in various theories and hypotheses designed to minimize the negative impacts on the environment caused by human actions (Casagranda & Azevedo, 2017). Environmental valuation refers to a variety of techniques used to attribute monetary values to environmental impacts, especially impacts unrelated to the market (Guijarro & Tsinaslanidis, 2020). The theory of consumer well-being is the theoretical foundation for environmental valuation (Hervani et al, 2017;Marshall & Smith, 1930).…”

“…The theory of consumer well-being is the theoretical foundation for environmental valuation (Hervani et al, 2017;Marshall & Smith, 1930). Guijarro and Tsinaslanidis (2020) point out that environmental valuation methods have traditionally been used within the context of non-market valuations and their aim has been to obtain a monetary measurement of the benefits or costs of environmental improvements or degradation for the well-being of individuals or social groups. Emoundou and Koundouri (2009) argue that the final objective is not to evaluate an environmental (nonmarket) good in monetary terms, but rather to give decision makers support in making appropriate decisions in terms of allocating resources in an efficient manner, implementing taxation and creating compensation schemes.…”