Excerpt
Table of content
Acronyms
1. Introduction
1.1 Definition of Economic Valuation
1.2 Importance of Valuation of Natural and Environmental Resources
2 Driving Factors in Economic Valuation of Natural and Environmental resource
2.1 Market Economy: Demand, Supply, Price and Quantity
2.2 External Effects
2.3 Benefits Transfer
3 Method for Valuing The Environment
3.1 Market-Based Techniques (Stated Preference)
3.1.1 Market price proxies
3.1.2 Production Function Approach
3.1.3 Appraisal Method
3.2 Nonmarket Valuation: Indirect Techniques (Revealed Preference Methods)
3.2.1 Hedonic property pricing
3.2.2 Travel Most Method
3.2.3 Random Utility Model
3.2.4 Factor Income Method
3.2.5 Contingent Valuation
3.2.6 Choice Modeling
4 Short Time Horizons and Risk
5 Technology and Technological Change
6 Reconsidering Aspect
6.1 Making Better use of Existing Value Evidence
6.2 Future Valuation Research
7 Transaction Cost and Social Capital
7.1 Transaction Cost
7.2 Social Capital
Conclusions
Economic Glossary
Reference
- Quote paper
- Frew Hailu (Author), 2013, The Economic Value of Natural and Environmental Resource, Munich, GRIN Verlag, https://www.grin.com/document/283864
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