2013
DOI: 10.4324/9781315066301
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Valuing the Environment

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Cited by 15 publications
(4 citation statements)
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“…By determining that the "Environment" is something which affects us all, we need to try to assign some form of global value to it, as well as simply taking the sum of it's parts. Some attempt to quantify this has been done ( Barde and Pearce, 1991), and the concept of Total Economic Value has become accepted. The Total Economic Value of a resource is said to be made up of the Use Value, the Option Value, and the Existence Value, and if these values can be adequately captured, then some possibly acceptable value of the environmental resource can be computed.…”
Section: Valuing the Environmentmentioning
confidence: 99%
“…By determining that the "Environment" is something which affects us all, we need to try to assign some form of global value to it, as well as simply taking the sum of it's parts. Some attempt to quantify this has been done ( Barde and Pearce, 1991), and the concept of Total Economic Value has become accepted. The Total Economic Value of a resource is said to be made up of the Use Value, the Option Value, and the Existence Value, and if these values can be adequately captured, then some possibly acceptable value of the environmental resource can be computed.…”
Section: Valuing the Environmentmentioning
confidence: 99%
“…A particular type of revealed preference method, the travel cost method, is most applicable for such cases (see e.g. Barde and Pearce, 2013;Hanley et al, 2013).…”
Section: Revealed Preference Methodsmentioning
confidence: 99%
“…Garrod and Willis, 1999;De Groot et al, 2002;Freeman, 2003;Atkinson et al, 2006;Bennett, 2011;Barde and Pearce, 2013 for overviews and cases of environmental valuation). The first are revealed preference techniques, where economists try to parse the portions of real market interactions such as tourism dollars spent or trips to see polar bears at zoos that are reliant on the ecosystem conditions under threat.…”
Section: Valuation Techniques For Non-market Resourcesmentioning
confidence: 99%
“…To assess natural resources through the cost-benefit analysis for a rational approach to decision making an attempt has been made to measure the monetary value attributed by people using specific methods to investigate preferences. Evaluations are based on the WTP ( Barde and Pearce, 1991). Stratton et al (1992) found out that for the use/availability of a natural resource the WTP was lower than the WTA (WTA 2.8 times WTP).…”
mentioning
confidence: 99%