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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: marginal value
The Marginal Value of Parks
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
Posted in Recreation Tagged environmental valuation, marginal value, recreational value, travel cost method Leave a comment
Time to Relax London’s Green Belt?
Any reform of London’s Green Belt should be informed by economic assessment of the environmental value of Green Belt land. A feature of land use policy in the vicinity of London is the designation of large areas as Green Belt, … Continue reading