Titlebook: Valuing the Environment: Methodological and Measurement Issues; Rüdiger Pethig Book 1994 Springer Science+Business Media B.V. 1994 environ

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1383-7028 interdepen- dence. Using conventional economic methodology, environmental aspects have been explicitly incorporated into economic models making use of the concept of externality. This concept was already familiar to economists long before evidence of severe environmental deterioration found its way

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Welfare Measurement under Uncertaintyenefit—cost analysis of these resources. Many environmental problems that our societies face are such by nature that we simply do not know the consequences of our contemporary actions for certain. Take for example the greenhouse effect — both climate and economic changes are highly uncertain. In env

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Valuing Changes in Health: A Production Function Approachmple, using time and purchased commodities as inputs. The relationship between the output (recreation) and the inputs used up is covered by a conventional production function. Various environmental parameters, such as air quality and visibility, also enter the production function as arguments. Given

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Nonuse Value: Reflections on the Definition and Measurementenefit cost analysis (BCA) or natural resource damage assessment. Much of the research associated with BCA has sought to expand the types of benefits that can be quantified and measured in money terms. The result has been a broadened interpretation of the norms of conventional BCA (i.e. the dual ass

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