Avertive expenditure method of valuation
RICS Insight Paper ‘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.’
Other revealed preference methods include:
Approaches other than the revealed preference method include:
- Stated preference valuation.
- Value transfer/benefit transfer.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Sustainable development concepts decade by decade.
The regenerative structural engineer
A call for design that will repair the natural world.
Buildings that mimic the restorative aspects found in nature.
CIAT publishes Principal Designer Competency Framework
For those considering applying for registration as a PD.
BSRIA Building Reg's guidance: The second staircase
An overview focusing on aspects which most affect the building services industry.
Design codes and pattern books
Harmonious proportions and golden sections.
Introducing or next Guest Editor Arun Baybars
Practising architect and design panel review member.
Quick summary by size, shape, test, material, use or bonding.
Types of rapidly renewable content
From forestry to agricultural crops and their by-products.
Terraced houses and the public realm
The discernible difference between the public realm of detached housing and of terraced housing.
Looking back at the influence of climate events
From a designer and writer: 'There are limits to growth but no limits to development'.
Terms, histories, theories and practice.
Biophilic design and natural light
Letting in the light and natural elements into spaces.