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Natural Resource Economics pp 163–229Cite as

Valuation in a Policy Context

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Part of the book series: Recent Economic Thought Series ((RETH,volume 7))

Abstract

As the content of this book confirms, the valuation problem ranks as one of the three major research thrusts of contemporary natural resource economics. Resource economists are, for the most part, motivated to make creative use of theoretical and empirical analysis to illuminate contemporary issues in natural resource and environmental policy. They are attracted to issues that combine analytical challenge with policy relevance. In chapter 3 Glen Anderson and Richard Bishop have amply demonstrated the analytical challenges inherent in the valuation problem. My task is to place valuation, and especially nonmarket valuation, in a policy context.

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Authors
  1. Alan Randall
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Editors and Affiliations

  1. University of Wisconsin, USA

    Daniel W. Bromley

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© 1986 Kluwer-Nijhoff Publishing, Boston

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Randall, A. (1986). Valuation in a Policy Context. In: Bromley, D.W. (eds) Natural Resource Economics. Recent Economic Thought Series, vol 7. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-7426-8_4

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  • DOI: https://doi.org/10.1007/978-94-011-7426-8_4

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-011-7428-2

  • Online ISBN: 978-94-011-7426-8

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