In this paper we define a set of Indirect Inference estimators based on moment approximations of the auxiliary ones. Their introduction is motivated by reasons of analytical and computational facilitation. Their definition provides an indirect inference framework for some "classical" bias...

The purpose of this final chapter is to identify the common themes of the three projects (WSM, Medis, and Aquadapt), to integrate and harmonise the results and approaches adopted by each, and to discuss conclusions and potential policy implications that can feed into the EU Water Framework...

This paper presents the results of a Choice Experiment (CE) conducted to estimate the values derived from a highway construction project in Greece. To account for preference heterogeneity conditional logit with interactions and random parameter logit models are estimated. The results indicate...

This book aims to show that economics in general and non market valuation methods in particular, together with participatory and engineering tools, can facilitate the design and implementation of the different European policies in relation to mitigation of water stress. The results presented in...

Since the 1990s flood risk and the effects of flooding episodes have reemerged as an important natural hazard concern in central and northern Europe. These concerns have also been exacerbated as a result of widespread and increasing awareness of global climate change, and significant wetland...

Agriculture contributes negative and positive externalities to society, that is, beneficial and detrimental changes in human wellbeing to third parties for which they are not generally compensated or charged. Beneficial externalities include the creation of amenity and landscape and negative...

Discussions about applied Cost Benefit Analysis are incomplete without the thorny issue of discounting emerging at some point. Indeed, since the calculation of Net Present Values (NPV), and hence the efficiency of a project or policy, hinges so crucially upon the level of the discount rate...

The increasing scarcity of water resources (in terms of quantity and quality) is one of the most pervasive natural resource allocation issues facing development planners throughout the world.This problem is especially prevalent in less developed countries where the management of this valuable...

This paper reviews the arguments for and the implications of employing Declining Discount Rates (DDRs) in CBA and in the analysis of economic growth and sustainability. We show that there exist several growth models in which a relationship has been found between the long-run equilibrium under...

This chapter reviews several noteworthy applications of the choice experiment method undertaken in the European Union (EU) countries to this date. The review summarises choice experiment studies implemented in various EU countries, covering a wide geographical area, including those EU countries...