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Valuing Unique Natural Resources: The Case of Endangered Species

White, Mark
Format
Article
Author
White, Mark
Abstract
The valuation of environmental goods and services is an area of significant recent interest with ramifications for environmental policy-making and natural resource damage assessments. Controversy exists over the best way to determine passive-use values , i.e., benefits accruing to individuals based on the knowledge that a specific environmental resource exists or the knowledge that it will be available for future generations. The contingent valuation method (CVM) is at present the only technique available for determining passive-use values, and it has been widely criticized. This paper describes an alternative technique based on the solicitation of expert opinion and reports the results of a preliminary study using appraisal professionals to value eight of Virginia's endangered species.
Language
English
Date Received
20141021
Published Date
1996
Sponsoring Agency
University of Virginia Online Scholarship Initiative
Notes
Originally published at http://etext.lib.virginia.edu/osi
Collection
Libra Open Repository
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