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Social impact analysis: monetary valuation

January 1, 2014

This section provides basic guidance for using and conducting economic valuation, including criteria for judging whether valuation is appropriate for supporting decisions. It provides an introduction to the economic techniques used to measure changes in social welfare and describes which methods may be most appropriate for use in valuing particular ecosystem services. Rather than providing comprehensive valuation instructions,it directs readers to additional resources.More generally, it establishes that the valuation of ecosystem services is grounded in a long history of non-market valuation and discusses how ecosystem services valuation can be conducted within established economic theory and techniques.

Publication Year 2014
Title Social impact analysis: monetary valuation
Authors Lisa A. Wainger, Robert J. Johnston, Kenneth J. Bagstad, Frank Casey, Tibor Vegh
Publication Type Book Chapter
Publication Subtype Book Chapter
Index ID 70134486
Record Source USGS Publications Warehouse
USGS Organization Geosciences and Environmental Change Science Center