Can we put a price tag on nature? Rethinking approaches to environmental valuation

Australasian Journal of Environmental Management

Volumn 14, Issue 1, 2007, Pages 22-26

  Hajkowicz, Stefan ^a  

^a CSIRO   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

CONTINGENT VALUATION; COST-BENEFIT ANALYSIS; ENVIRONMENTAL ECONOMICS; ENVIRONMENTAL POLICY; ENVIRONMENTAL VALUES; RESOURCE ALLOCATION; SUSTAINABILITY;

EID: 34248393119     PISSN: 14486563     EISSN: None     Source Type: Journal    
DOI: 10.1080/14486563.2007.9725146     Document Type: Article

References (19)

1. Ackerman, F., and Heinzerling, L., 2004. Priceless:On Knowing the Price of Everything and the Value of Nothing, New York:New Press.
2. Adamowicz, W. L., 2004. What's it worth? An examination of historical trends and future directions in environmental valuation. The Australian Journal of Agricultural and Resource Economics, 48 (3):419–444.
3. Balmford, A., Bruner, A., Cooper, P., Costanza, R., Farber, S., Green, R. E., Jenkins, M., Jefferiss, P., Jessamy, V., Madden, J., Munro, K., Myers, N., Naeem, S., Paavola, J., Rayment, M., Rosendo, S., Roughgarden, J., Trumper, K., and Turner, K., 2002. Economic Reasons for Conserving Wild Nature. Science, 297:950–953.
4. Bennet, J., 2005. Australasian environmental economics:Contributions, conflicts and cop-outs. The Australian Journal of Agricultural and Resource Economics, 49 (3):243–261.
5. Carson, R. T., Mitchell, R. C., Hanemann, M., Kopp, R. J., Presser, S., and Ruud, P. A., 2003. Contingent valuation and lost passive use:Damages from the Exxon Valdez oil spill. Environmental and Resource Economics, 25:257–286.
6. Costanza, R., d'Arge, R., de Groot, R., Farber, S., Grasso, M., Hannon, B., Limburg, K., Naeem, S., O'Neill, R. V., Paruelo, J., Raskin, R. G., Sutton, P., and van den Belt, M., 1997. The value of the world's ecosystem services and natural capital. Nature, 387:253–260.
7. Cullen, R., Fairburn, G. A., and Hughey, K. F. D., 2001. Measuring the productivity of threatened species programs. Ecological Economics, 39:53–66.
8. Diamond, P., and Hausman, J., 1994. Contingent valuation:Is some number better than no number?. Journal of Economic Perspectives, 8:45–64.
9. Keeney, R. L., and Raiffa, H., 1976. Decisions with Multiple Objectives:Preferences and Value Tradeoffs, London:Cambridge University Press.
10. Klarman, H., Francis, J., and Rosenthal, G., 1968. Cost effectiveness analysis applied to the treatment of chronic renal disease. Medical Care, 6 (1):48–54.
11. Ludwig, D., 2000. Limitations of Economic Valuation of Ecosystems. Ecosystems, 3:31–35.
12. Murray Darling Basin Commission (MDBC). 1999. The Salinity Audit of the Murray Darling Basin:A Hundred Year Perspective, Canberra:MDBC.
13. Parkes, D., Newell, G., and Cheal, D., 2003. Assessing the quality of native vegetation:The ‘habitat hectares’ approach. Ecological Management & Restoration, 4:S29–S38.
14. Pearson, L. J., Tisdell, C., and Lisle, A. T., 2002. The impact of Noosa National Park on surrounding property values:An application of the hedonic price method. Economic Analysis and Policy, 32 (2):155–171.
15. Ribaudo, M. O., Hoag, D. L., Smith, M. E., and Heimlich, R., 2001. Environmental indices and the politics of the conservation reserve program. Ecological Indicators, 1:11–20.
16. Schultz, M. T., 2001. A critique of EPA's index of watershed indicators. Journal of Environmental Management, 62:429–442.
17. Stoneham, G., Chaudhri, V., Ha, A., and Strappazzon, L., 2003. Auctions for contracts:An empirical examination of Victoria's BushTender trial. The Australian Journal of Agricultural and Resource Economics, 47 (4):477–500.
18. Van Bueren, M., and Bennett, J., 2004. Towards the development of a transferable set of value estimates for environmental attributes. The Australian Journal of Agricultural and Resource Economics, 48 (1):1–32.
19. Whittington, D., 2002. Improving the performance of contingent valuation studies in developing countries. Environmental and Resource Economics, 22:323–367.