Includes bibliographical references and indexes.

Resource evaluation and public policy -- Measuring values, benefits, and costs : an overview -- Defining and measuring welfare changes : basic theory -- Revealed preference models of valuation : basic theory -- Nonuse values -- Stated preference methods for valuation -- Aggregation of values across time -- Values in an uncertain world -- Environmental quality as a factor input -- Valuing longevity and health -- Property value models -- Hedonic wage models -- Recreational uses of natural resource systems -- Conclusions.