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An important text providing details of methods and techniques for estimating environmental valuations. Features of the 2nd edition include a reworking of the chapter on stated preference methods of valuation and new sections on topics in the valuation of effects on human health, the valuation of ecosystem functions and services, and benefits transfer. It targets several of the important advances since 1993 and integrates them within the basic framework of the first edition.
A. Myrick Freeman III is professor of economics at Bowdoin College and a former senior fellow at Resources for the Future.