Please join us this afternoon at 4 pm in Geology (Building #12) room 103 for a SESES seminar presented by Dr. Julie Mueller of the both the W.A. Franke College of Business and SESES. The talk is titled: Non-market Impacts of the Schultz Wildfire, and Preferences for Attributes of Springs in Grand Canyon National Park.
Refreshments will begin at around 3:30. As always, we appreciate it if you can please bring your own mug for coffee or tea.
There is currently no seminar planned for next week. Our next talk will be on April 28th (Thursday) when Dave Cook from Geoengineers, Inc will present on Carbon Sequestration potential of forests versus development.
Hope to see you all today.
Mueller Talk Summary
Non-market valuation is a set of economic techniques used to estimate values of goods and services not bought and sold in a market. Revealed preference methods of non-market valuation involve using market data to estimate values. Stated preference methods involve surveying people regarding their preferences for non-market goods and services. I will present examples of both revealed and stated preference methods, focusing on the hedonic property model and choice experiments. The results are from two recent sabbatical projects. One study estimates the impacts of the Schultz wildfire and post-wildfire flooding on house prices. The other study values preferences for attributes of desert springs in Grand Canyon National Park using an online survey. I will conclude with areas of further research and potential inter-disciplinary collaboration.