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| Author: | Schaeffer, P. V. |
| Title: | Thoughts concerning the economic valuation of landscapes |
| Journal: | Journal of Environmental Management
2008 : NOV, VOL, 89:3, p. 146-154 |
| Index terms: | market research rationality externalities allocation efficiency land use economics |
| Freeterms: | non-market valuation failure amenities open space landscapes |
| Language: | eng |
| Abstract: | This article explores and discusses the uses and limitations of economic valuation of landscapes from market failure, policy process, and theoretical and philosophical perspectives. The author argues that incorporation of economic thinking into the valuation of landscapes is still relatively new. It is an approach that yields valuable new insights and can help with prioritizing the use of scarce resources to improve and/or preserve landscapes. |
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