The Analysis on Method of Value for the Environment

DOI

10.2991/iceat-16.2017.66How to use a DOI?

Keywords

value for the environment, Classifying valuation methods, Stated preference methods, Revealed preference methods, economic valuation

Abstract

In this paper we explore how we can move from the general concepts to the actual estimates of compensation required by the courts. A series of special techniques has been developed to value the benefits from environmental improvement or, conversely, to value the damage done by environmental degradation. Special techniques were necessary because most of the normal valuation techniques that have been used over the years cannot be applied to environmental resources. Benefit-cost analysis requires the monetization of all relevant benefits and costs of a proposed policy or project, not merely those where the values can be derived from market transactions As such, it is also important to monetize those environmental goods and services that are not traded in any market. Even more difficult to grapple with are those nonmarket benefits associated with passive-use or nonuse value, topics explored below.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Peng CUI
PY  - 2016/05
DA  - 2016/05
TI  - The Analysis on Method of Value for the Environment
BT  - Proceedings of the 2016 International Conference on Engineering and Advanced Technology
PB  - Atlantis Press
SP  - 329
EP  - 333
SN  - 2352-5401
UR  - https://doi.org/10.2991/iceat-16.2017.66
DO  - 10.2991/iceat-16.2017.66
ID  - CUI2016/05
ER  -