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Valuation and the Environment

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Valuation and the Environment

Theory, Method and Practice

9781858985381 Edward Elgar Publishing
Edited by Martin O’Connor, Professor of Economic Science, Université de Versailles–Saint Quentin en Yvelines, France and Clive L. Spash, Vienna University of Economics and Business, Austria
Publication Date: 1999 ISBN: 978 1 85898 538 1 Extent: 352 pp
This major new book presents the state-of-the-art in the theory and practice of environmental valuation and resource management. Leading experts in the field present methodological and empirical evidence for applying valuation methods to ecological policy problems.

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Critical Acclaim
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This major new book presents recent advances in the theory and practice of environmental valuation and resource management. Leading experts in the field present methodological and empirical evidence for applying valuation methods to ecological policy problems.

The methodological contributions examine such themes as uncertainty, distributional conflict, positional analysis, weak comparability and the need for collective solutions to environmental problems. Case studies are incorporated to support these theoretical reflections. A number of empirical studies are used to demonstrate and evaluate valuation practices in a variety of institutional and policy settings. These range from international environmental issues such as climate change and transboundary atmospheric pollution, to species preservation and coastal ecosystem protection. The contributors conclude that effective approaches for the evaluation of environmental risks, degradation and benefits must be specifically designed as functions of institutional, social and ecological factors.

Valuation and the Environment will be essential reading for students and scholars of environmental and ecological economics, environmental management and regulation, resource management and public policy.
Critical Acclaim
‘The book will be worthwhile reading for those environmental and ecological economists who are interested in environmental valuation and its connections to sustainability issues. It will also be of interest to environmental policymakers, and would make a valuable supplementary source of readings for a course on sustainable development. Finally, the book is generally well edited and nicely laid out. . .’
– Robert P. Berrens, Journal of Environmental Planning and Management

‘The book brings together a number of important ideas and viewpoints . . . for all those interested in critical studies and theoretical papers on the valuation approach and the economic decision process on environmental projects and policies, this book can definitely be recommended.’
– Michael Getzner, International Journal of Sustainable Development
Contributors
Contributors: D. Becker Soest, B. Bürgenmeier, N. Castells, H. Connor, T.M. Crowards, A. Gibbons, S. Goodman, D. Harley, S. Jaffry, T. Jenkins, D.C. Macmillan, E. Mäntymaa, J. Martinez-Alier, G. Mendelssohn, P. Midmore, R. Morrison, E. Moisseinen, G. Munda, M. O’Connor, J. O’Neill, B. Seabrooke, P. Söderbaum, C. Spash, M.A. Toman, R. Wink
Contents
Contents: 1. Introduction 2. Commensurability and Compensability in Ecological Economics 3. Sustainable Decision-Making 4. Environmental Protection 5. Valuation as Part of a Microeconomics for Ecological Sustainability 6. Cost–Effectiveness Analysis of Forest Biodiversity Enhancement 7. The Relevance of Economic Valuation for Species Conservation Policy 8. Willingness to Pay, Willingness to Accept 9. Assessing Public Preferences for the Conservation Quality of the British Coast 10. On Behavioural Intentions in the Case of the Saimaa Seal 11. Sustainable Development and Appraisal Methodology 12. Combining Economics, Ecology and Philosophy 13. Taking Non-Monetizable Impacts (NMIs) into Account in an Eco-Development Strategy 14. Towards an Integrated Understanding of Environmental Quality 15. Institutional Solutions for Sustainable Management of Global Genetic Resources – A Constitutional Economics Approach 16. International Environmental Issues

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