Valuation and the Environment: Theory, Method, and Practice
Martin O'Connor, Clive L. Spash
Edward Elgar, 1999 - Business & Economics - 339 pages
This text presents the state of the art in the theory and practice of environmental valuation and resource management. Experts in the field present methodological and empirical evidence for applying valuation methods to ecological policy problems. The methodological contributions examine such themes as uncertainty, distributional conflict, positional analysis, weak comparability and the need for collective solutions to environmental problems. Case studies are incorporated to support these theoretical reflections and a number of empirical studies are used to demonstrate and evaluate valuation practices in a variety of institutional and policy settings.
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Commensurability and Compensability in Ecological Economics
The State Of The Art from
Towards a SocioEconomic Policy
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action actors African Elephant alternative applied appraisal approach areas assessment attitudes behaviour biodiversity cent coastal conservation programme commodity compensation concept concerns conflicts conservation quality considered context contingent valuation cost-benefit analysis criteria damage decision decision-making dimensions Ecological Economics economic value economists ecosystem effects environment Environment Agency environmental economics environmental policy environmental quality ethical evaluation example external framework functions future genetic resources global groups human identify ideological orientation important income individual institutional integrated interaction intergenerational equity irreversible issues judgements measures methods monetary multicriteria natural environment neoclassical neoclassical economics NMIs non-monetizable normative objective opportunity costs option Pareto efficient perspective pinewood political pollution possible post-normal science potential precautionary principle principle problems procedures question reference relevant requires respondents risk role Saimaa seal scientific significant society species studies substitutability sustainable development Table theory uncertainty variables welfare WTP and WTA