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Evaluation

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  • Martina Kršková

Abstract

The text describes theoretical concepts of the valuation of goods, which isn't done directly by the market - that of externalities and free goods. It concentrates on methods used to find their value, and then summarizes the main approaches used to find the value of human life. The only relatively easy to apply method, the one based on capitalization of income, is criticized due to the fact that its outcomes do not reflect the needs of consequent application.

Suggested Citation

  • Martina Kršková, 2008. "Evaluation," Ekonomika a Management, Prague University of Economics and Business, vol. 2008(1).
    • Handle: RePEc:prg:jnleam:v:2008:y:2008:i:1:id:14
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    References listed on IDEAS

    as
    1. Elio H. Londero, 2003. "Shadow Prices for Project Appraisal," Books, Edward Elgar Publishing, number 3064.
    2. Dinwiddy,Caroline L. & Teal,Francis J., 1996. "Principles of Cost-Benefit Analysis for Developing Countries," Cambridge Books, Cambridge University Press, number 9780521473583, September.
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