The book’s introduction does a good job of describing both the historical and current issues and problems in this area of economic research. The literature review presented in the introduction is helpful in putting content to the problem at hand. The 19 papers presented in the book are subdivided in five sections, with the first section discussing theoretical and modeling issues and the mathematical and statistical tools needed to address the many empirical problems that arise in combining SP and RP data. The remaining sections focus on specific empirical problems, identified in the theory section, applied to many different research areas from travel cost models, demand for coastal management and beach erosion, to risk of exposure to pesticides. I was impressed with the scope of the empirical research, as it addresses and confronts many of the problems in applied research in this field. ...
The editors are to be commended for the structure, organization, and consistency across papers to the general research theme of the book. All economists should read at least the first section on modeling and measurement, but for environmental economists this book is a must for both research and teaching. A good read.