Summary of valuation of environment, Public Economics

Assignment Help:

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.


Related Discussions:- Summary of valuation of environment

Compensation principles, (b) Assess the application of Kaldor’s compensatio...

(b) Assess the application of Kaldor’s compensation principle in resolving Pareto non-comparability and explain how the principle differs from the Hick''s compensation principle

Price and extraction path over time, Normal 0 false false f...

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

Role of government intervention in the economy, For a very large part of 20...

For a very large part of 20 th century, we may recall, there existed capitalist market-oriented economies and socialist planning-oriented economies. 21stcentury is however witness

Volume of production, what is volume of production and the factors influenc...

what is volume of production and the factors influencing them

Advantages of mbis, Normal 0 false false false EN-IN ...

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

The myth of public goods by mark davis, summarize the basic tents of the ar...

summarize the basic tents of the argumentsin this case

Distance education, strugling with research variables and problem

strugling with research variables and problem

Importance of valuation of environment, Normal 0 false false ...

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

Similarities between physical capital and natural capital, Normal 0 ...

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

Journal of liberalism, how to make summarize the basic tenets of the argume...

how to make summarize the basic tenets of the arguments in the case of Mark Davis 2010 of journal of liberty?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd