Ecocentrism, Economics and Commensurability
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Consumer Sorting and Hedonic Valuation of Wine Attributes: Exploiting Data from a field Experiment
AGRICULTURAL ECONOMICS Agricultural Economics 47 (2016) 91–103 Consumer sorting and hedonic valuation of wine attributes: exploiting data from a field experiment Christopher R. Gustafsona,∗, Travis J. Lybbertb,DanielA.Sumnerb,c aDepartment of Agricultural Economics, University of Nebraska-Lincoln, 314A Filley Hall, Lincoln, NE, 68583 United States bDepartment of Agricultural and Resource Economics, University of California (UC), Davis, One Shields Ave., Davis, CA 95616, USA cAgricultural Issues Center, University of California, Davis, CA 95616, USA Received 12 December 2014; received in revised form 17 July 2015; accepted 21 July 2015 Abstract This article uses a novel experimental approach to measure consumer willingness to pay (WTP) for wine attributes. We invited customers of a local supermarket who had selected a bottle of wine to purchase to participate in a valuation experiment. Integrating their original wine choice into the experiment, each participant evaluated six alternative wines, generating a rich set of data on willingness to pay and consumer characteristics. The data from the experiment allow us to compare standard shelf price-based wine attribute valuation estimates with estimates using WTP data and an increasing amount of information about individual consumers. The full model employs individual fixed effects to estimate WTP parameters without bias from consumer sorting or supply side influences. Our WTP estimates for wine attributes differ markedly from previous attribute value estimates. Consumers in our sample display clear and stable preferences for wine varieties, but less clear preferences for appellations. Our results suggest caution is needed in using market prices to estimate parameters of the consumer valuation function for product attributes. -
The Relationship Between Ecocentric Theory
Democracy and the Claims of Nature Edited by Bob Pepperman Taylor and Ben Minteer Lanham, Maryland: Rowman and Littlefield Publishers Inc, 2002. “Environmental pragmatism, ecocentrism and deliberative democracy: between problem- solving and fundamental critique’ Robyn Eckersley Introduction The debate over the virtues of ecocentric theory (moral monism) versus environmental pragmatism (moral pluralism) provides an occasion to reflect upon the democratic character of these respective environmental philosophies and their associated political practices. Environmental pragmatists have been generally critical of monistic philosophies, which they understand ecocentrism to be, on the grounds that they are dogmatic, insensitive to diverse cultural and moral contexts and therefore too inflexible to be of any assistance in the practical resolution of environmental problems and conflicts.1 Environmental pragmatism, on the other hand, is defended as more tolerant, open-minded and ecumenical in its respect for moral pluralism and cultural diversity and more democratic in its defense of environmental policy deliberation by the affected parties. It is also defended as more effective when it comes to practical environmental problem solving. In response, ecocentric philosophers (most notably J. Baird Callicott) have argued that the pragmatists’ embrace of moral pluralism carries with it the danger of lapsing into indecisive relativism. In particular, the refusal by environmental pragmatists to privilege any substantive environmental values in advance of policy dialogue is seen as problematic insofar as it can lead to philosophical contradictions and dubious political outcomes that may not necessarily protect the environment.2 According to this construction, ecocentric theorists and activists are the fearless environmental justice advocates, standing up for the interests of the environmental victims of economic development, including both humans and nonhuman species. -
Hedonic Pricing Model for Real Property Valuation Via Gis - a Review
CIVIL AND ENVIRONMENTAL ENGINEERING REPORTS E-ISSN 2450-8594 CEER 2019; 29 (3): 034-047 DOI: 10.2478/ceer-2019-0022 Original Research Article HEDONIC PRICING MODEL FOR REAL PROPERTY VALUATION VIA GIS - A REVIEW Zubeida ALADWAN, Mohd Sanusi S. AHAMAD1 School of Civil Engineering Campus, Universiti Sains Malaysia, Malaysia A b s t r a c t Hedonic pricing models in real property valuation have been frequently applied in many research studies and projects since it was introduced by Rosen in 1974. The development of Geographic Information Systems (GIS) in the recent decades has gradually supports the usage of hedonic model in the spatial data pricing model studies. Beside the basic advantages of GIS to position properties in terms of their geographic coordinates, it has the capabilities of dealing with reasonable amount of data, and wide choices of analysis that make it powerful tool to facilitate the building and implementation of the hedonic models within its framework. Many studies have employed GIS in real property valuation in their present work and for the future prediction. This paper reviews the works of literature on the GIS applications in the real property valuation employing the hedonic pricing models. Keywords: Real property valuation, Building variables, Regression analysis, Hedonic pricing models, GIS 1. INTRODUCTION The conventional real property valuation system in most of the assets departments and institutions is costly, time consuming, received frequents public complaints for its lack of transparency and subjectivity. Therefore, efforts had been exerted to improve the value estimation process making it fast and enhance its reality and 1 Corresponding author: Universiti Sains Malaysia, School of Civil Engineering, Engineering Campus, 14300 Nibong Tebal, Penang, Malaysia, e-mail: [email protected], tel: +6045996277 HEDONIC PRICING MODEL FOR REAL PROPERTY VALUATION 35 VIA GIS - A REVIEW ability to reflect the people willingness to pay. -
Social Ecology After Bookchin.Pdf
Social Ecology after Bookcliin Edited by Andrew Light Digitized by the Internet Archive in 2019 with funding from Kahle/Austin Foundation https://archive.org/details/socialecologyaftOOOOunse SOCIAL ECOLOGY AFTER BOOKCHIN DEMOCRACY AND ECOLOGY A Guilford Series Published in conjunction with the Center for Political Ecology JAMES O'CONNOR Series Editor SOCIAL ECOLOGY AFTER BOOKCHIN Andrew Light, Editor THE STRUGGLE FOR ECOLOGICAL DEMOCRACY ENVIRONMENTAL JUSTICE MOVEMENTS IN THE UNITED STATES Daniel Faber, Editor NATURAL CAUSES ESSAYS IN ECOLOGICAL MARXISM James O’Connor WORK, HEALTH, AND ENVIRONMENT OLD PROBLEMS, NEW SOLUTIONS Charles Levenstein and John Wooding, Editors THE GREENING OF MARXISM Ted Benton, Editor MINDING NATURE THE PHILOSOPHERS OF ECOLOGY David Macauley, Editor GREEN PRODUCTION TOWARD AN ENVIRONMENTAL RATIONALITY Enrique Leff IS CAPITALISM SUSTAINABLE? POLITICAL ECONOMY AND THE POLITICS OF ECOLOGY Martin O’Connor, Editor Social Ecology after Bookchin EDITED BY Andrew Light ?■" "fftomai I Bata libra: TRENT UNIVERSITr PFTMQROUGH, ONTARIO THE GUILFORD PRESS New York London © 1998 The Guilford Press A Division of Guilford Publications, Inc. 72 Spring Street, New York, NY 10012 http://www.guilford.com All rights reserved No part of this book may be reproduced, translated, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, microfilming, recording, or otherwise, without written permission from the Publisher. Printed in the United States of America This book is printed on acid-free paper. Last digit is print number: 987654321 Library of Congress Cataloging-in-Publication Data Social ecology after Bookchin / edited by Andrew Light, p. cm.—(Democracy and ecology) Includes bibliographical references and index. -
Measuring Information Frictions: Evidence from Capital Markets∗
Measuring Information Frictions: Evidence from Capital Markets∗ Andres Drenik Juan Herre~no Pablo Ottonello Columbia University Columbia University University of Michigan and NBER October 29, 2019 Abstract We study the importance of information frictions in asset markets. We develop a methodology to identify the extent of information frictions based on a broad class of models of trade in asset markets, which predict that these frictions affect the relationship between listed prices and selling probabilities. We apply our methodology to physical capital markets data, using a unique dataset on a panel of nonresidential structures listed for trade. We show that the patterns of prices and duration are consistent with the presence of asymmetric information. On the one hand, capital units that are more expensive because of their observable characteristics tend to have lower duration, as predicted by models of trading under a full information model. On the other hand, capital units that are expensive beyond their observable characteristics tend to have a longer duration, as predicted by models of trading under asymmetric information. Combining model and data, we estimate that asymmetric information can explain 21% of the +30% dispersion in price differences of units with similar observed characteristics. We quantify the effects of information frictions on allocations, prices, and liquidity, and show that the estimated degree of information frictions can to lead to 15% lower output due to low trading probabilities of high-quality capital. Keywords: Asymmetric information, asset markets, trading frictions, investment, fire sales, phys- ical capital, misallocation. ∗Drenik: [email protected]. Herre~no: [email protected]. Ottonello: [email protected]. -
Estimating the Impact of Urban Green Space on Property Value
M2 International Economics and Trade Université François Rabelais ESTIMATING THE IMPACT OF URBAN GREEN SPACE ON PROPERTY VALUE An Application of the Hedonic Price Model SUN Xiaoyun Advisor: M. Daniel Mirza & M. Jean Louis Yengué 2015 2 Estimating the Impact of Urban Green Space on Property Value: An Application of the Hedonic Price Model SUN Xiaoyun 3 Acknowledgements I would like to express my sincere gratitude and thanks to my advisors Professor Daniel Mirza and Professor Jean Louis Yengué, who have been tremendous mentors for me. I would like to thank them for encouraging me in my research and for their patience and feedback as I complete my internship. I truly appreciate all their time and assistance dedicated to my research. A very special thanks is due to my friend John Bauer who was always there to support me when I ran into trouble. This thesis would not have been possible without his support. I also wish to thank my friend Dadie Jean-François. I would not have completed my thesis without the support of all these wonderful people! 4 Abstract This paper attempts to quantify the impact of urban green spaces, such as parks and gardens, on the transaction price in real estate markets, through households’ residential choice, by using the hedonic price analysis of the relationship between property prices and their proximity to green spaces. The economic value of green space is measured through the willingness of households to pay for a property with higher price situated near to a defined green space. The results show that the property price has an inverse relation with the distance to the nearest green space, which indicates urban green spaces provide a positive impact on the transaction price in real estate markets. -
Why Ecocentrism Is the Key Pathway to Sustainability
www.ecologicalcitizen.net LONG ARTICLE Why ecocentrism is the key pathway to sustainability Ecocentrism is the broadest term for worldviews that recognize intrinsic value in all lifeforms Haydn and ecosystems themselves, including their abiotic components. Anthropocentrism, in contrast, values other lifeforms and ecosystems insofar as they are valuable for human Washington, well-being, preferences and interests. Herein, the authors examine the roots of ecocentrism Bron Taylor, and discuss its mixed history of international recognition. They argue that non-human Helen Kopnina, nature has intrinsic value irrespective of human preferences or valuation, and they refute the claim that ecocentrism is misanthropic. They then summarize four key examples from Paul Cryer and the academic literature in which anthropocentrism fails to provide an ethic adequate for John J Piccolo respecting and protecting planet Earth and its inhabitants. The authors conclude that ecocentrism is essential for solving our unprecedented environmental crisis, arguing its About the authors importance from four perspectives: ethical, evolutionary, spiritual and ecological. They See following page. contend that a social transformation towards ecocentrism is not only an ethical but a practical imperative, and they urge support for ecocentric understanding and practices. Citation Washington H, Taylor B, cocentrism finds inherent (intrinsic) Historical roots of ecocentrism Kopnina H, Cryer P and Piccolo JJ (2017) Why value in all of nature. It takes a In a sense, ecocentrism has been with ecocentrism is the key E much wider view of the world humanity since we evolved; it underpins pathway to sustainability. than does anthropocentrism, which sees what can be called the ‘old’ sustainability The Ecological Citizen 1: 35–41. -
Thesis Rethinking Deep Ecology
THESIS RETHINKING DEEP ECOLOGY: FROM CRITIQUE TO SYNTHESIS Submitted by Chelsea L. Welker Department of Political Science In partial fulfillment of the requirements For the Degree of Master of Arts Colorado State University Fort Collins, Colorado Summer 2013 Master’s Committee: Advisor: Bradley J. Macdonald Dimitris Stevis Paul Trembath ABSTRACT RETHINKING DEEP ECOLOGY: FROM CRITIQUE TO SYNTHESIS Deep ecology represents a strain of radical ecopolitical theory that has, over the past forty years, engaged in various debates with other strains of radical ecopolitical thought. Though deep ecology has attempted to defend itself against many critiques from this field, my analysis aims to reassess deep ecology’s responses (or its silences) related to some of these charges. My goal is to adequately respond to these critiques that have been made against deep ecology, particularly the critiques that have arose from social ecology and from perspectives concerned with the Global South. At the same time, I utilize these critiques and my own responses to them to rethink deep ecology’s role in the transformation of contemporary societies toward greater ecological sustainability. I add to this debate amongst radical ecopolitical theories by outlining the most important critiques that have been made at deep ecology from the above fields, in addition to formulating more adequate responses from the perspective of deep ecology. Moreover, I explicitly concern my analysis with how this re-envisioned deep ecology can constitute a viable political theory and play a vital role in the radical transformation of political societies for the benefit of both nature and human beings. ii TABLE OF CONTENTS ABSTRACT ........................................................................ -
Property Valuation Using Hedonic Price Method – Procedure and Its Application Wycena Nieruchomości Metodą Cen Hedonicznych – Procedura I Zastosowanie
TECHNICAL TRANSACTIONS 6/2017 CZASOPISMO TECHNICZNE 6/2017 CIVIL ENGINEERING DOI: 10.4467/2353737XCT.17.087.6563 Stanisław Belniak Damian Wieczorek ([email protected]. edu.pl) Institute Construction and Transportation Engineering and Management, Faculty of Civil Engineering, Cracow University of Technology Property valuation using hedonic price method – procedure and its Application Wycena nieruchomości metodą cen hedonicznych – procedura i zastosowanie Abstract This paper discusses one of the property valuation methods, i.e. property valuation using the hedonic price method, which makes use of a classical linear regression model. The study characterises the calculation procedure of the selected method and indicates the fields of application of the hedonic approach in the construction sector. The operation of the hedonic price method is presented based on a valuation of flats in Lublin. Keywords: property, property valuation, hedonic price method, classical linear regression model, hedonic regression Streszczenie Niniejszy artykuł traktuje o jednej z metod wyceny nieruchomości, tj. hedonicznej metodzie wyceny nie- ruchomości, która wykorzystuje klasyczny model regresji liniowej. W pracy scharakteryzowano procedurę obliczeniową wybranej metody oraz wskazano obszary stosowania podejścia hedonicznego w budownic- twie. Działanie metody hedonicznej wyceny przedstawiono na przykładzie wyceny lokali mieszkalnych w Lublinie. Słowa kluczowe: nieruchomość, wycena nieruchomości, metoda cen hedonicznych, klasyczny model regresji liniowej, -
Ecocentrism and Environmental Economics Discounting the Discount Rate: Ecocentrism and Environmental Economics • J
J.Discounting Samuel Barkin the Discount Rate: Ecocentrism and Environmental Economics Discounting the Discount Rate: Ecocentrism and Environmental Economics • J. Samuel Barkin Analyses of environmental politics generally come from one of two philosophi- cal starting points: an anthropocentric perspective, which includes environmen- tal economics, or an ecocentric perspective. With respect to any given environ- mental policy question, the anthropocentric perspective asks how the policy will affect the well-being of people in the future, and the ecocentric perspective asks how the policy will affect the natural environment in the future. Each per- spective has generated an extensive literature, including critiques of the other. Little work has been done on the relationship between the two, however, be- yond these mutual critiques; proponents of each perspective tend to present their philosophical starting points as the bases of self-contained approaches to the study of environmental politics. But neither form of analysis in the end works as a self-contained approach. Some limits of the ecocentric approach will be noted below, but the focus of this paper is on the limits of the anthropocen- tric approach, and in particular of approaches to environmental politics in- formed by environmental economics. The key argument of this paper is that, as a tool for making decisions about long-term environmental policy, the anthropocentric perspective under- lying environmental economics does not work on its own terms. In particular, fundamental decisions about the relationship between economic activity and the natural environment need to be informed by ecocentric norms. Environ- mental economics works well as a tool for analyzing environmental policy given clear, exogenously deªned costs and beneªts. -
The Case for the Green Kant: a Defense and Application of a Kantian Approach to Environmental Ethics
University of South Florida Scholar Commons Graduate Theses and Dissertations Graduate School February 2019 The Case for the Green Kant: A Defense and Application of a Kantian Approach to Environmental Ethics Zachary T. Vereb University of South Florida, [email protected] Follow this and additional works at: https://scholarcommons.usf.edu/etd Part of the Ethics and Political Philosophy Commons, and the Other Philosophy Commons Scholar Commons Citation Vereb, Zachary T., "The Case for the Green Kant: A Defense and Application of a Kantian Approach to Environmental Ethics" (2019). Graduate Theses and Dissertations. https://scholarcommons.usf.edu/etd/7980 This Dissertation is brought to you for free and open access by the Graduate School at Scholar Commons. It has been accepted for inclusion in Graduate Theses and Dissertations by an authorized administrator of Scholar Commons. For more information, please contact [email protected]. The Case for the Green Kant: A Defense and Application of a Kantian Approach to Environmental Ethics by Zachary T. Vereb A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor in Philosophy Department of Philosophy College of Arts and Sciences University of South Florida Major Professor: Martin Schönfeld, Ph.D. Toby Svoboda, Ph.D. Alexander Levine, Ph.D. Michael Morris, Ph.D. Joshua Rayman, Ph.D. Date of Approval: November 30, 2018 Keywords: Kantian Ethics, Environment, Climate Change, Sustainability Copyright © 2019, Zachary T. Vereb ACKNOWLEDGEMENTS First and foremost, I thank Martin Schönfeld for his guidance and support throughout this entire project. This work would not be possible without him. I am incredibly thankful for the helpful comments, suggestions, and feedback from my advisors. -
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The Vol 1 No 2 2018 Ecological ISSN 2515-1967 A peer-reviewed journal Citizen www.ecologicalcitizen.net Advancing ecological knowledge | Championing Earth-centred action | Inspiring ecocentric citizenship IN THIS ISSUE Keeping the wild A rebuttal of assertions Ecological education made by Anthropocene Delivering an ecocentric boosters Page 161 curriculum Page 171 Published in association No article access fees with the Ecocentric Alliance No publication charges www.ecocentricalliance.org No financial affiliations About the Journal www.ecologicalcitizen.net Published in association with The the Ecocentric Alliance An ecocentric, peer-reviewed, www.ecocentricalliance.org Ecological free-to-access journal EC Citizen ISSN 2515-1967 Aims Copyright 1 Advancing ecological knowledge The copyright of the content belongs to 2 Championing Earth-centred action the authors, artists and photographers, 3 Inspiring ecocentric citizenship unless otherwise stated. However, there is 4 Promoting ecocentrism in political debates no limit on printing or distribution of PDFs 5 Nurturing an ecocentric lexicon downloaded from the website. Content alerts Translations Sign up for alerts at: We invite individuals wishing to translate www.ecologicalcitizen.net/#signup pieces into other languages, helping enable the Journal to reach a wider audience, to contact Social media us at: www.ecologicalcitizen.net/contact.html. Follow the Journal on Twitter: www.twitter.com/EcolCitizen A note on terminology Like the Journal on Facebook: Because of the extent to which some non- www.facebook.com/TheEcologicalCitizen ecocentric terms are embedded in the English language, it is sometimes necessary Editorial opinions for a sentence to deviate from a perfectly Opinions expressed in the Journal do not ecocentric grounding.