{"id":703,"date":"2022-01-25T13:04:30","date_gmt":"2022-01-25T18:04:30","guid":{"rendered":"https:\/\/web.uri.edu\/enre-draft\/?page_id=703"},"modified":"2022-02-04T12:16:53","modified_gmt":"2022-02-04T17:16:53","slug":"non-market-valuation","status":"publish","type":"page","link":"https:\/\/web.uri.edu\/enre\/research\/non-market-valuation\/","title":{"rendered":"Non-Market Valuation"},"content":{"rendered":"<section class=\"cl-wrapper cl-hero-wrapper\"><div class=\"cl-hero  \"><div class=\"cl-hero-proper\"><div class=\"overlay\"><\/div><div class=\"still\" style=\"background-image:url(https:\/\/web.uri.edu\/wp-content\/uploads\/sites\/2086\/Valuation-landing.jpg);\"><\/div><\/div><\/div><\/section>\n\n\n<p>We empirically estimate the value people place on goods and services that are not transacted in typical market settings. For example, people value clean water in lakes for recreation, but clean water is a public good that cannot be bought by an individual. However, by examining choices people make, such as residential location or recreation destinations, the implicit value can be estimated. The valuation can then be incorporated into benefit-cost analysis and inform policy decisions<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Faculty<\/h2>\n\n\n<\/p>\n<div class=\"uri-people-tool cl-tiles halves\"><div class=\"peopleitem h-card has-thumbnail\">\n\t<header>\n\t\t<div class=\"header\">\n\t\t\t\t\t\t<figure>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/web.uri.edu\/enre\/meet\/corey-lang\/\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Corey-Lang.jpg\" class=\"u-photo  wp-post-image\" alt=\"URI Environmental and Natural Resource Economics faculty member, Corey Lang\" srcset=\"https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Corey-Lang.jpg 500w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Corey-Lang-300x300.jpg 300w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Corey-Lang-150x150.jpg 150w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Corey-Lang-364x364.jpg 364w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a>\n\t\t\t\t\t\t\t<\/figure>\n\t\t\t\n\t\t\t\t\t\t\t<h3 class=\"p-name\"><a href=\"https:\/\/web.uri.edu\/enre\/meet\/corey-lang\/\">Corey Lang<\/a><\/h3>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t<\/header>\n\t<div class=\"inside\">\n\n\t\t<p class=\"people-title p-job-title\">Professor<\/p>\n\t\t\n\t\t\t\t<p class=\"people-department\">Coastal Institute 214<\/p>\n\t\t\n\t\t\n\t\t\t\t\t<p class=\"people-misc\"><span class=\"p-tel\">401.874.4569<\/span> <br> <a class=\"u-email\" href=\"mailto:clang@uri.edu\">clang@uri.edu<\/a><\/p>\n\t\t\n\t\t<div style=\"clear:both;\"><\/div>\n\t<\/div>\n<\/div>\n<div class=\"peopleitem h-card has-thumbnail\">\n\t<header>\n\t\t<div class=\"header\">\n\t\t\t\t\t\t<figure>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/web.uri.edu\/enre\/meet\/pengfei-liu\/\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Pengfei-Liu-1.jpg\" class=\"u-photo  wp-post-image\" alt=\"URI Environmental and Natural Resource Economics faculty member, Pengfei Liu\" srcset=\"https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Pengfei-Liu-1.jpg 500w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Pengfei-Liu-1-300x300.jpg 300w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Pengfei-Liu-1-150x150.jpg 150w, https:\/\/web.uri.edu\/enre\/wp-content\/uploads\/sites\/2086\/Pengfei-Liu-1-364x364.jpg 364w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a>\n\t\t\t\t\t\t\t<\/figure>\n\t\t\t\n\t\t\t\t\t\t\t<h3 class=\"p-name\"><a href=\"https:\/\/web.uri.edu\/enre\/meet\/pengfei-liu\/\">Pengfei Liu<\/a><\/h3>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t<\/header>\n\t<div class=\"inside\">\n\n\t\t<p class=\"people-title p-job-title\">Associate Professor<\/p>\n\t\t\n\t\t\t\t<p class=\"people-department\">Coastal Institute 211<\/p>\n\t\t\n\t\t\n\t\t\t\t\t<p class=\"people-misc\"><span class=\"p-tel\">401.874.4061<\/span> <br> <a class=\"u-email\" href=\"mailto:pengfei_liu@uri.edu\">pengfei_liu@uri.edu<\/a><\/p>\n\t\t\n\t\t<div style=\"clear:both;\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Selected Publications<\/strong><\/h2>\n\n\n\n<p>Boslett, A., <strong>T. Guilfoos<\/strong>, and <strong>C. Lang<\/strong> (2019) Valuation of the external costs of unconventional oil and gas development: The critical importance of mineral rights ownership. Journal of the Association of Environmental and Resource Economists, 6(3): 531-561.<\/p>\n\n\n\n<p>Bento, A., M. Freedman, and <strong>C. Lang<\/strong> (2015) Who benefits from environmental regulation? Evidence from the Clean Air Act Amendments. Review of Economics and Statistics, 97(3): 610-622.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We empirically estimate the value people place on goods and services that are not transacted in typical market settings. For example, people value clean water in lakes for recreation, but clean water is a public good that cannot be bought by an individual. However, by examining choices people make, such as residential location or recreation [&hellip;]<\/p>\n","protected":false},"author":1962,"featured_media":0,"parent":14,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-703","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/pages\/703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/users\/1962"}],"replies":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/comments?post=703"}],"version-history":[{"count":3,"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/pages\/703\/revisions"}],"predecessor-version":[{"id":801,"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/pages\/703\/revisions\/801"}],"up":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/pages\/14"}],"wp:attachment":[{"href":"https:\/\/web.uri.edu\/enre\/wp-json\/wp\/v2\/media?parent=703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}