Valuation
Valuation is the putting of a monetary price on non-market factors, such as health outcomes and ecosystem services. Research by RFF experts on this topic covers both stated and revealed preference approaches and incorporates recent advances in emerging fields, such as behavioral economics.
Publications
Working Paper — Apr 17, 2019
Pass-Through and Welfare Effects of Regulations that Affect Product Attributes
We show that the relationship between pass-through and welfare changes does not hold for a regulation that affects production costs and product attributes.
Working Paper — Dec 18, 2018
Ecosystem Valuation and Hydropower Licensing Decisions: Lessons from the FERC Experience
The Federal Energy Regulatory Commission considered, and then rejected, using non-market valuation methods for comparing ecosystem values to hydro-electric power values when making dam licensing decisions. Instead, FERC instituted a deliberative and decentralized stakeholder negotiation process as a way to compare and make tradeoffs between environmental values and power production when making licensing decisions.
Working Paper — Feb 8, 2018
Do Discrete Choice Approaches to Valuing Urban Amenities Yield Different Results Than Hedonic Models?
Valuing climate amenities using a discrete model of household location choice results in greater values for warmer winters and cooler summers than a hedonic model.
Events
Webinar — Jan 17, 2019
Using the Social Cost of Carbon to Value Earth Observing Systems
Presented at the RFF-CMCC European Institute
Webinar — Sep 4, 2018
Measuring and Assessing the Socioeconomic Value of Earth Science Data
Hosted by Earth Science Information Partners (ESIP), this webinar explores specific approaches and techniques that are currently being used and developed to measure and assess the socioeconomic value of Earth science data.
Webinar — May 23, 2017
Understanding the Benefits of Observing Earth from Space
RFF Fellow Yusuke Kuwayama introduced RFF’s Consortium for the Valuation of Applications Benefits Linked with Earth Science (VALUABLES), a cooperative agreement between RFF and the National Aeronautics and Space Administration (NASA).
