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Tag Archives: environmental valuation
In many cities around the world, there are wild animal species whose presence is enjoyed by some and a nuisance to others. Management of such species should be informed by economic analysis as well as ecological, ethical and animal welfare … Continue reading
Environmental valuation studies should be clearer as to whether the value they estimate is marginal value or something else. The idea of a marginal quantity is one of the most-used in the economist’s toolkit. In the theory of the firm, … Continue reading
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