Social impact analysis: monetary valuation

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Abstract

This section provides basic guidance for using and conducting economic valuation, including criteria for judging whether valuation is appropriate for supporting decisions. It provides an introduction to the economic techniques used to measure changes in social welfare and describes which methods may be most appropriate for use in valuing particular ecosystem services. Rather than providing comprehensive valuation instructions,it directs readers to additional resources.More generally, it establishes that the valuation of ecosystem services is grounded in a long history of non-market valuation and discusses how ecosystem services valuation can be conducted within established economic theory and techniques.

Additional publication details

Publication type Book chapter
Publication Subtype Book Chapter
Title Social impact analysis: monetary valuation
Year Published 2014
Language English
Publisher Duke Nicholas Institute
Contributing office(s) Geosciences and Environmental Change Science Center
Larger Work Type Book
Larger Work Title Federal Resource Management and Ecosystem Services Guidebook
Online Only (Y/N) N
Additional Online Files (Y/N) N