There is no abstract for this book chapter. It outlines one of the commonly used methods of valuing environmental improvements, discussing the implicit assumptions about perceptions that are embedded in this approach

This paper offers a model for the bias found in willingness-to-pay valuations against new treatments. For example, this bias provides an explanation for patient preferences that make it difficult for formularies to take treatments off their lists, even when newer treatments would appear to be...

A robust finding in experimental economics is that decision-makers often exhibit a much smaller dollar willingness to pay (WTP) for an item than the minimum amount that they claim to be willing to accept (WTA) to part with it. The spread between these two numbers is particularly large for public...

A robust finding in economics is that decision-makers often exhibit a much smaller dollar willingness to pay (WTP) for an item than the minimum amount that they claim to be willing to accept (WTA) to part with it. The spread between these two numbers is particularly large for public goods,...

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