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An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Tag Archives: contingent valuation
A Valuation Case Study: the Great Barrier Reef
A valuation of the Great Barrier Reef illustrates many common issues in the economics of environmental valuation. A recent report by Deloitte Access Economics (1) estimates the asset value of the Great Barrier Reef at A$56 billion (2). This is … Continue reading
The Role of Contingent Valuation
Contingent valuation is sometimes presented as applicable to any environmental good, unlike other valuation methods which can be used only in particular circumstances. Recent thinking suggests a narrower role. A symposium in the Journal of Economic Perspectives (1) offers three … Continue reading