TY - JOUR
T1 - An inclusive comparative review of valuation methods for assessing environmental goods and externalities
AU - Eshet, Tzipi
AU - Ayalon, Ofira
AU - Shechter, Mordechai
PY - 2006
Y1 - 2006
N2 - Economists have developed various concepts aimed at proposing monetary values for environmental non-marketed goods. This review analyses the different approaches and reveals most of the methods rely on economic welfare theory, based on the values that individuals ascribe, directly or indirectly, to their preferences regarding an environmental good with no observable price in the market. However, in practice, approximate methods, based on expert judgement and assessment, dominate mostly because they are easier to attain.
AB - Economists have developed various concepts aimed at proposing monetary values for environmental non-marketed goods. This review analyses the different approaches and reveals most of the methods rely on economic welfare theory, based on the values that individuals ascribe, directly or indirectly, to their preferences regarding an environmental good with no observable price in the market. However, in practice, approximate methods, based on expert judgement and assessment, dominate mostly because they are easier to attain.
U2 - 10.1504/IJBE.2006.010684
DO - 10.1504/IJBE.2006.010684
M3 - Article
SN - 1740-0589
VL - 1
SP - 190
EP - 210
JO - International Journal of Business Environment
JF - International Journal of Business Environment
IS - 2
ER -