Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/222779
Authors: 
Quah, Euston
Tan, Tsiat Siong
Year of Publication: 
2019
Series/Report no.: 
ADBI Working Paper Series No. 1012
Abstract: 
To determine the amount of environmental goods and services to provide or preserve, it is necessary to weigh society's degree of preference for the environment vis-à-vis other goods and services. This value measure serves to inform the decision-making and policy-making process and thereby justify the allocation of limited resources between competing uses. This paper provides an overview of economic valuation methods for environmental goods, with examples of real-world applications. Valuation methods include both demand and non-demand curve approaches, including the dose-response method, contingent valuation method, and hedonic pricing. The paper further discusses the damage schedules approach and benefits transfer in cases where conventional valuation methods are less suitable.
Subjects: 
economic valuation
environmental goods
non-demand curve approaches
demand curve approaches
pairwise comparison approach
benefits transfer
JEL: 
Q51
D61
H43
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/3.0/igo/
Document Type: 
Working Paper

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