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Estimating the social value of geologic map information: A regulatory application

Journal of Environmental Economics and Management

By:
, , ,
DOI: 10.1006/jeem.1996.0963

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Abstract

People frequently regard the landscape as part of a static system. The mountains and rivers that cross the landscape, and the bedrock that supports the surface, change little during the course of a lifetime. Society can alter the geologic history of an area and, in so doing, affect the occurrence and impact of environmental hazards. For example, changes in land use can induce changes in erosion, sedimentation, and ground-water supply. As the environmental system is changed by both natural processes and human activities, the system's capacity to respond to additional stresses also changes. Information such as geologic maps describes the physical world and is critical for identifying solutions to land use and environmental issues. In this paper, a method is developed for estimating the economic value of applying geologic map information to siting a waste disposal facility. An improvement in geologic map information is shown to have a net positive value to society. Such maps enable planners to make superior land management decisions.

Additional Publication Details

Publication type:
Article
Publication Subtype:
Journal Article
Title:
Estimating the social value of geologic map information: A regulatory application
Series title:
Journal of Environmental Economics and Management
DOI:
10.1006/jeem.1996.0963
Volume
32
Issue:
2
Year Published:
1997
Language:
English
Larger Work Type:
Article
Larger Work Subtype:
Journal Article
Larger Work Title:
Journal of Environmental Economics and Management
First page:
204
Last page:
218
Number of Pages:
15