Landscape Economics [Hardcover]

This revised and expanded edition of Colin Price's seminal publication provides a richly comprehensive and up-to-date coverage of landscape economics, a subject which has until now been addressed only in limited aspects. Although?much of the book's discussion is based upon natural resources and environmental economics, the author presents a wide and integrative view, drawing from aesthetic, psychological, social and political perspectives and applying a critical use of economic concepts and challenges to different schools of thought on the landscape. This new edition includes new ideas and critiques on environmental valuation;?more focused critiques of stated preference methods, political alternatives to economic valuation, and of the rationale of discounting future values; and, new evaluative techniques, particularly price premia for products with a landscape provenance.

Preface to first edition.- Preface to second edition.- 1. The First Hurdle.- 2. The Costs of Landscape.- 3. The Constitution of Value.- 4. The Approach of the Aesthetic Expert.- 5. Monetising the Expert Valuation: the Helliwell System.- 6. The Expert Approach: the CTLA system.- 7. Costbenefit analysis and Willingness to Pay.- 8. Consultations and Referenda.- 9. Inquiries and Democratic Discussion Fora: Qualitative and Quantitative Evidence.- 10. Markets, Quasi-markets and Subscriptions.- 11. Stated Preference Questionnaires.- 12. The Statistical Basis of Valuation: the Hedonic House Price Model.- 13. Visited, Traversed and Conjectured Landscape.- 14. Controlled Sl#}