Valuing Rural Amenities

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12 Jan 2001
9789264192126 (PDF) ;9789264185319(print)

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Economic valuation is widely used in OECD countries as a way of assessing the (usually monetary) value of goods that have no markets. In the rural context, valuation methods are used to argue for or against projects and policy choices in areas as diverse as agricultural support policies, local economic development, land use and biodiversity assessment.
This volume reviews a range of different valuation methodologies -- stated preferences, cost-benefit, revealed preferences, and others -- and looks at how these different approaches influence choices in rural policy. Its aim is to assess whether some set of international guidelines or standards could be used to reduce the subjectivity of the evidentiary information.

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Table of Contents

Chapter 1. Introduction by Douglas Macmillan
Part I. Assessing Demand and Deriving Value
Chapter 2. Valuation Techniques and Benefit Transfer Methods: Strengths, Weaknesses and Policy Utility by Stale Navrud
Chapter 3. Problems and Potential in Valuing Multiple Outputs: Externality and Public-Good Non-Commodity Outputs from Agriculture by Jose Manuel Lima e Santos
Chapter 4. Valuation by Whom, for Whom? Questions of Legitimacy by John Foster and Robin Grove-White
Part 2. The Supply Side: Transforming Values into Revenues
Chapter 5. Current Policy Instruments: Rationale, Strengths, and Weaknesses by Ian Hodge
Chapter 6. Establishing Effective Incentives in Practice: The Role of Valuation and Influence of Other Factors by Ralph Heimlich
Chapter 7. Rural Amenities and their Valuation: Wider Questions for Policy-Makers by David Baldock
Chapter 8. Contributions to the Concluding Roundtable
-Hans-Christian Beaumond, EC
-Eva Blanco, Spain
-Bruce Bowen, Australia
-Carmel Cahill, OECD
-Kenji Yoshinaga, Japan
Chapter 9. Conclusions

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