Cost-Benefit Analysis (Part II): Nonmarket Valuation

Catalog description

Builds on Cost-Benefit Analysis Part I (GLHLTH 733), but can also be taken as a stand-alone module. Covers advanced topics in nonmarket valuation, including hedonic valuation, the travel cost method, stated preference methods, and averting expenditures or coping costs approaches. Emphasis is on environmental and health concepts and applications. Recommended prerequisite: Intermediate/advanced microeconomics; advanced econometrics.