In the paper the discrete choice models are discussed and applied based on empirical data. The main goal of the paper is to find out whether the various discrete choice models provide the analyst with the robust and reliable estimates of values of natural goods or values of changed quality of...

Air pollution ranks as one of the most serious environmental problems worldwide due to its impacts on human health, natural ecosystems, cultural and historical monuments, aesthetics and economic welfare. It is a particularly significant problem in the formerly communist states of central and...

Several approaches to solving pollution reduction problems have been published in the 40 years history of environmental economics. Some of these serve as a theoretical basis for the creation of systems of practical environmental policies. In the 1990's, a new trend in environmental policies...

The results of this research are promising and suggest that contingent valuation is a practical way to make rough estimations of the benefits accrued from environmental policies, for reducing the risks of past environmental burdens, and for making comparisons with costs within a cost-benefit...