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Integrated Assessment and Management of Public Resources

Edited by Joseph Cooper, Senior Economist, Economic Research Service, United States Department of Agriculture, Washington, DC, US. He served during 2005 to 2006 as a senior economist in charge of agriculture and natural resources at the President’s Council of Economic Advisors, Federico Perali, Professor, Department of Economics, University of Verona, Italy and Marcella Veronesi, Department of Agricultural and Resource Economics, University of Maryland, College Park, US
This multidisciplinary work explores ways of making environmental policy decisions in managing public goods and natural parks with the goal of maximizing economic benefits to society. The contributors to the volume seek the best strategies for improving the environmental sustainability and quality of a public resource by showing how to develop quantitative information about the natural area and how it interacts with the economy. Such an analysis can be used to define policies that encourage interactions among institutions, local economic agents and park users. At the same time, it provides a measure to account for the implications of those policies on the local economy.
Extent: 256 pp
Hardback Price: $128.00 Web: $115.20
Publication Date: 2006
ISBN: 978 1 84542 472 5
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  • Economics and Finance
  • Environmental Economics
  • Public Sector Economics
  • Valuation
  • Environment
  • Environmental Economics
  • Management Natural Resources
  • Valuation
This multidisciplinary work explores ways of making environmental policy decisions in managing public goods and natural parks with the goal of maximizing economic benefits to society. The contributors to the volume seek the best strategies for improving the environmental sustainability and quality of a public resource by showing how to develop quantitative information about the natural area and how it interacts with the economy. Such an analysis can be used to define policies that encourage interactions among institutions, local economic agents and park users. At the same time, it provides a measure to account for the implications of those policies on the local economy.

A public resource, such as a natural park, has many different functions – the production of marketed goods, ecosystem protection and tourism – and its management requires the knowledge of the physical, biological and ecological characteristics of the functions supplied by the resource, as well as the value of each function and the public resource as a whole. To ensure the implementation of the optimal practice, the contributors adopt a participative approach to establish a credible social contract between the area’s public manager and its consumers. Balancing the interests of residents, visitors and local businesses, and coupling the development of both the natural potential of the area and the local economy, are necessary steps for the best strategy to be adopted.

Economists and agricultural–environmental economists, forest and resource planners interested in practical guidance, and professors who teach environmental economics or forest planning courses will all find this collection invaluable and instructive.
Contributors: M. Baggio, M. Bianchi, M. Carta, V. Cicogna, J.C. Cooper, P. De Agostini, N. Gallinaro, S. Lovo, F. Pecci, F. Perali, N. Tommasi, M. Veronesi
Contents:
Introduction
Joseph C. Cooper, Federico Perali and Marcella Veronesi
Part I: Assessment
1. Estimating the Level of Functions Supplied by a Natural Area Using GIS Information
Michele Carta, Nicola Gallinaro and Massimo Bianchi
2. The Supply of Functions by Homogeneous Area Using Cluster Analysis
Paola De Agostini, Veronica Cicogna and Federico Perali
3. A Contingent Valuation Method Incorporating Fairness and Citizen Participation
Joseph C. Cooper, Federico Perali, Nicola Tommasi and Marcella Veronesi
4. Travel Cost Estimation Conditional on Leisure Consumption
Joseph C. Cooper, Federico Perali, Nicola Tommasi and Marcella Veronesi
Part II: Management
5. Identifying the Best Combination of Environmental Functions Using Multi-Criteria Analysis
Paola De Agostini
6. Simulating the Impact on the Local Economy of Alternative Management Scenarios for Natural Areas
Paola De Agostini, Stefania Lovo, Francesco Pecci, Federico Perali and Michele Baggio
7. Resolving Conflicts in a Natural Area
Michele Baggio
Conclusions
Joseph C. Cooper, Federico Perali and Marcella Veronesi
Appendix: West Garda Regional Forest Survey – A Platform for Policy Analysis
Nicola Tommasi and Marcella Veronesi
Index