IDEAS home Printed from https://ideas.repec.org/p/eep/report/rr1998081.html
   My bibliography  Save this paper

Damage Schedules for Thai Coastal Areas: An Alternative Approach to Assessing Environmental Values

Author

Listed:
  • Ratana Chuenpagdee

    (Institute for Resources and Management, University of British Columbia)

Abstract

The growing concern over environmental degradation has heightened the role of environmental economics and the valuation of natural resources as analytical tools that facilitate policy design for sustainable management. Research of the past four decades, however, has not provided reliable methods for measuring the economic value of most nonmarketable environmental assets involved in damage claims and allocation decisions. In this study, rather than relying on current valuation practices to guide resource allocation policies and to determine compensation awards, a 'damage schedule approach' is proposed as an alternative. Damage schedules are constructed based on scales of relative importance obtained from people's judgements about values of various resource losses and activities causing losses. It is a non-monetary valuation approach as people are asked to indicate their preferences and values about the resources without any reference to monetary values. The scales of relative importance are derived from the responses of people to series of paired comparison questions. People are simply asked to choose one item in each pair that they consider more important. The damage schedules, developed based on these importance scales, reflect community values which should be considered in the natural resources management and policymaking. This study is an empirical test of the possibility of developing meaningful scales of relative importance that could be used to construct the damage schedules. The study aims at investigating people's ability in providing consistent judgements about the importance of resource losses and activities in consideration. The resulting scales of relative importance are then examined for their usefulness in providing a basis for the development of the damage schedules.

Suggested Citation

  • Ratana Chuenpagdee, 1998. "Damage Schedules for Thai Coastal Areas: An Alternative Approach to Assessing Environmental Values," EEPSEA Research Report rr1998081, Economy and Environment Program for Southeast Asia (EEPSEA), revised Aug 1998.
  • Handle: RePEc:eep:report:rr1998081
    as

    Download full text from publisher

    File URL: http://www.eepsea.org/pub/rr/10536136550ACFC9.pdf
    File Function: First version, 1998
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nguyen Van Song & Nguyen Van Hanh, 2016. "Electricity Pricing for North Vietnam," EEPSEA Research Report rr2016058, Economy and Environment Program for Southeast Asia (EEPSEA), revised Apr 2016.
    2. Nguyen Van Song & Nguyen Van Hanh, 2016. "Electricity Pricing for North Vietnam," EEPSEA Research Report rr2016035, Economy and Environment Program for Southeast Asia (EEPSEA), revised Mar 2016.
    3. Pradiptyo, Rimawan & Sahadewo, Gumilang Aryo, 2012. "On The Complexity of Eliminating Fuel Subsidy in Indonesia; A Behavioral Approach," MPRA Paper 40045, University Library of Munich, Germany.
    4. Euston Quah & Edward Choa & K. C. Tan, 2006. "Use of damage schedules in environmental valuation: The case of urban Singapore," Applied Economics, Taylor & Francis Journals, vol. 38(13), pages 1501-1512.

    More about this item

    Keywords

    Environmental values; Thailand;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eep:report:rr1998081. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Arief Anshory yusuf (email available below). General contact details of provider: https://edirc.repec.org/data/eepsesg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.