Theories of Failure, Failure of Theories and Non-Market Valuation: A
AbstractNon-market valuation of environmental benefits and costs plays a crucial role in environmental decision-making both at the micro and at the macro-levels. This paper basically reviews three theoretical developments embedded in economics, which can provide frameworks to value non-market benefits and costs of changes in environment. The major conclusion of this paper is that non-market valuation should be treated as ‘derived demand’ from any of these theoretical frameworks so that appropriate environmental policy measures can be initiated in the relevant areas.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Institute for Social and Economic Change, Bangalore in its series Working Papers with number 122.
Length: 24 pages
Date of creation: 2002
Date of revision:
Non-market valuation; Environmental Benefits;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (B B Chand).
If references are entirely missing, you can add them using this form.