The major problem arising from the adoption of a wealth tax is the requirement of annual valuations. This Commentary suggests that annual valuations would cause the tax to be difficult to administer and would erode the tax base. Taxpayers would have a strong economic incentive to engage in...

This is Chapter 10 of Environmental Economics: An Integrated Approach and it provides an overview of the environmental valuations commonly used in environmental economics prior to detailed treatments in later chapters

We extend the literature on the willingness-to-pay/willingness-to-accept (WTP/WTA) disparity by testing two hypotheses, distilled from the literature. We also introduce a modified mechanism for eliciting the subjective valuation range if the individual cannot articulate the subjective value as a...

Prior valuation studies have developed and improved valuation models. However, these models are often difficult to use, because estimating their various factors requires lots of skills and experience. Thus, this study aims to provide a simple valuation method for the listed firms based on value...