Avertive expenditure method of valuation - Revision history

Designing Buildings at 07:18, 24 February 2021

2021-02-24T07:18:55Z

← Older revision		Revision as of 07:18, 24 February 2021
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	* Whole life value.		* Whole life value.

−	[[Category:~~Definitions~~]] [[Category:~~DCN_Definition~~]] [[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Definitions]] [[Category:Cost_/_business_planning]]

Designing Buildings: moved Avertive expenditure to Avertive expenditure method of valuation

2020-04-10T09:39:23Z

moved Avertive expenditure to Avertive expenditure method of valuation

← Older revision

Revision as of 09:39, 10 April 2020

Designing Buildings at 09:39, 10 April 2020

2020-04-10T09:39:02Z

← Older revision		Revision as of 09:39, 10 April 2020
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−	RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value of natural capital - the need for chartered surveyors]’ published by the Royal Institution of Chartered Surveyors in 2017 suggests the avertive expenditure or avertive behaviour method of valuation is a revealed preference ~~methods~~ that draws on the revealed preferences of stakeholders.	+	RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value of natural capital - the need for chartered surveyors]’ published by the Royal Institution of Chartered Surveyors in 2017 suggests the avertive expenditure or avertive behaviour method of valuation is a revealed preference method that draws on the revealed preferences of stakeholders.

	The avertive expenditure method considers: ‘how much people spend to compensate themselves for the loss of a resource or facility. Bottled water in preference to piped water is sometimes quoted as an example. Care is needed that not all the extra expenditure is necessarily due to the requirement for compensation. For example, the avertive behaviour associated with living in a dismal environment may consist of lots of visits to country parks, but some of those visits might have happened anyway simply due to the pleasure of visiting the park rather than to escape the dismal environment at home.’		The avertive expenditure method considers: ‘how much people spend to compensate themselves for the loss of a resource or facility. Bottled water in preference to piped water is sometimes quoted as an example. Care is needed that not all the extra expenditure is necessarily due to the requirement for compensation. For example, the avertive behaviour associated with living in a dismal environment may consist of lots of visits to country parks, but some of those visits might have happened anyway simply due to the pleasure of visiting the park rather than to escape the dismal environment at home.’
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	* Whole life value.		* Whole life value.

−	[[Category:Definitions]] [[Category:Cost_/_business_planning]]	+	[[Category:Definitions]] [[Category:DCN_Definition]] [[Category:Cost_/_business_planning]]

Designing Buildings: Created page with "RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value o..."

2020-04-10T09:38:00Z

Created page with "RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value o..."

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RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value of natural capital - the need for chartered surveyors]’ published by the Royal Institution of Chartered Surveyors in 2017 suggests the avertive expenditure or avertive behaviour method of valuation is a revealed preference methods that draws on the revealed preferences of stakeholders.

The avertive expenditure method considers: ‘how much people spend to compensate themselves for the loss of a resource or facility. Bottled water in preference to piped water is sometimes quoted as an example. Care is needed that not all the extra expenditure is necessarily due to the requirement for compensation. For example, the avertive behaviour associated with living in a dismal environment may consist of lots of visits to country parks, but some of those visits might have happened anyway simply due to the pleasure of visiting the park rather than to escape the dismal environment at home.’

Other revealed preference methods include:

* Hedonic pricing.
* Travel cost methods.
* Replacement cost.
* Direct market valuation.

Approaches other than the revealed preference method include:

* Stated preference valuation.
* Value transfer/benefit transfer.

= Related articles on Designing Buildings Wiki =

* Environmental value concepts.
* Hedonic pricing.
* Natural capital.
* RICS.
* Stated preference valuation.
* Travel cost methods.
* Valuation.
* Value added.
* Value.
* Whole life value.

[[Category:Definitions]] [[Category:Cost_/_business_planning]]