The Contingent Valuation Of Environmental Resources by David J. Bjornstad

Methodological Issues and Research Needs

This book delves into the economic methodology known as contingent valuation, which is used to assess the value of environmental resources that are not typically traded in markets. It explores the theoretical foundations, practical applications, and challenges associated with this approach, providing a comprehensive analysis of how individuals' willingness to pay for environmental goods and services can be estimated. The text also discusses the implications of these valuations for policy-making and resource management, offering insights into the complexities of quantifying the worth of nature in economic terms.