Summary of valuation of environment, Public Economics

Summary of Valuation of Environment

Environment has a vast array of functions out of which some are assumed to have a zero economic value, as these are available free to us. Some of these functions are non-tangible in nature and not marketable. However, these functions have important role in our production and consumption activities. As the value of all the functions are not taken into account in decision-making environment is always undervalued.

In recent years researchers have attempted to expand the product boundary of environment by considering the value of more and more functions of the environment. The problem however lies at two stages: identification of environmental functions, and valuation of these functions. Existing literature on environmental valuation provides a wide range of valuation tools, which we have discussed in this unit. The measurement procedures are quite different and are suitable for different functions and circumstances. While applying these techniques the appropriateness of these tools should be carefully judged.

Posted Date: 12/18/2012 5:56:16 AM | Location : United States







Related Discussions:- Summary of valuation of environment, Assignment Help, Ask Question on Summary of valuation of environment, Get Answer, Expert's Help, Summary of valuation of environment Discussions

Write discussion on Summary of valuation of environment
Your posts are moderated
Related Questions
which fallacies best diiscribe this statement The restaurant in new is either buddy''s bistro or Clyde emporium

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Q. What do you understand by Policy Process? Begin from theoretical frame work of policy making and proceed breaking various assumptions and introducing heterogeneity of agents

privatization can always decentralise economic power. critically discuss

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Explain the stages and various coordination mechanism nvolved in policy processes

Graphthe market for water park business, labeling the demand curve, the social-value curve, the market equilibrium level of output, and the efficient level of output. What is the p

We live in a globalized world economy. Our policy agenda, as we have discussed earlier have changed enormously to include environment, humanity in general as well as the conventio

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4