FURTHER READING ON THE TECHNIQUES
General
Hufschmidt et al. (1983) and Sinden and Worrell (1979) introduce most of the techniques
and offer comprehensive overviews of the use of them.
Izmir, Gül (1993) Valuation of Environmental Impacts, Technical Report, Environment
Protection Authority of New South Wales, Sydney.
Winpenny, J.T. (1991) Values for the Environment-A Guide to Economic Appraisal,
Overseas Development Institute, London.
Change-in-productivity technique
Streeting, Mark and Hamilton, Clive (1991) An Economic Analysis of the Forests of South
Eastern Australia, Research Paper No. 5, Resource Assessment Commission, Australian
Government Printing Service, Canberra.
Replacement-cost technique
Thampapillai, Dodo J. (1988) 'The Value of Natural Environments in the Extraction of
Finite Energy Resources: a Method of Valuation', International Journal of Energy Research,
vol.12, pp.527-538.
Preventative-expenditure technique
Greig, P.J. and Devonshire, P.G. (1981) 'Tree Removals and Saline Seepage in Victorian
Catchments: Some Hydrologic and Economic Results', Australian Journal of Agricultural
Economics, vol.25, no.2, pp.124-148.
Relocation-cost technique
Sinden, J.A. (1990) Valuation of Unpriced Benefits and Costs of River Management,
Office of Water Resources, Victorian Department of Conservation and Environment,
Melbourne.
Travel-cost technique
Resource Assessment Commission (1992b) Forestry and Timber Inquiry Final Report Vol.2B,
Australian Government Publishing Service, Canberra.
Property-value technique
Streeting, Mark (1990) A Survey of the Hedonic Pricing Technique, Resource Assessment
Commission, Research Paper No.1, Australian Government Publishing Service, Canberra.
King, D.A. and Sinden, J.A. (1988) 'Influence of Soil Conservation on Farm Land
Values', Land Economics, vol.64, no.3, pp.242-255.
Wage-differential technique
Thaler, R. and Rosen, R. (1976) 'The Value of Saving a Life: Evidence from the Labour
Market', in Nelson Terleckyj (ed), Household Production and Consumption, 40, National
Bureau of Economic Research, Washington, D.C.
Contingent valuation
Lockwood, Michael and DeLacy, Terry (eds) (1992) Valuing Natural Areas: Applications
and Problems of the Contingent Valuation Method, The Johnstone Centre of Parks,
Recreation, and Heritage, Charles Sturt University Printery, Bathurst.
Wilks, Leanne C. (1990) A Survey of the Contingent Valuation Method, Resource
Assessment Commission, Research Paper No. 2, Australian Government Publishing Service,
Canberra.
Trade-off game
Bennett, J.W. (1991) 'Alternative Resource Management Options for Fraser Island and the
Great Sandy Region: Aspects of an Economic Evaluation', in Appendix 1 of Commission of
Inquiry into the Conservation, Management and Use of Fraser Island and the Great Sandy
Region, pp. 53-58.
Priority evaluator
O'Hanlon, Paul W. and Sinden, J.A. (1978), 'Scope for valuation of environmental goods.
comment', Land Economics, vol.4, no.3, pp. 381-387.
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