The increasing demands which society places on the natural
environment have led us to seek new ways of estimating the monetary
costs of environmental degradation so that they can be compared
with the benefits of development. This book provides a
comprehensive and readable examination of the major techniques used
in cost-benefit analysis and project appraisal to value
environmental goods and services.Written by two leading
practitioners in environmental valuation, the book includes
detailed examinations of the theory and practice of a wide range of
valuation techniques including contingent valuation, hedonic
pricing, choice experiments and travel cost methods. Complementing
the theory are case studies on various policy areas such as water
quality, recreation, landscape and biodiversity drawn from Europe,
the United States and Asia. The book concludes with an informative
and provocative review of important contemporary issues as well as
suggesting areas of future research in the practice of
environmental valuation. Economic Valuation of the Environment will
be essential reading for environmental and ecological economists
and those practising resource management as well as for planners
and policymakers.
General
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