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...

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...

Concepts, theoretical principles and econometric approaches are interrelated throughout the chapters of this book, but generalizations are not so straightforward. One reason why that is although the range of empirical contexts represented is broad, the crops and countries studied were selected...

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...

The issue of groundwater management remains a practical concern in many regions throughout the world, while water managers continue to grapple with the question of how to manage this resource. In this article, we attempt to bring the most advanced and appropriate tools to bear on the issue of...

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 ever increasing awareness of global climate change, and significant...

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...

In this paper we address the implications of production risk for controlling fishing effort in a regulated fishery in a framework where fishers maximize expected utility of profit. We focus on controlling effort through season closures that limit the number of days the fishery is open to harvest...