Valuing environmental resources: A constructive approach
نویسندگان
چکیده
منابع مشابه
Valuing or pricing natural and environmental resources?
This paper is a critique on contemporary non-market valuation study. We argue that the consumer value (willingness to pay (WTP)) derived from contingent valuation method or other methods is a poor guideline for resource allocation and cost–benefit analysis. Only shadow value is meaningful for the public and decision makers in resource allocation. Shadow value is the value to the society, or exc...
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ژورنال
عنوان ژورنال: Journal of Risk and Uncertainty
سال: 1993
ISSN: 0895-5646,1573-0476
DOI: 10.1007/bf01065813