A review of theoretical and conceptual foundations for consolidated analysis of CVM and CBA for natural and environmental resources (CROSBI ID 719344)
Prilog sa skupa u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Opačak Eror, Marija
engleski
A review of theoretical and conceptual foundations for consolidated analysis of CVM and CBA for natural and environmental resources
This paper outlines a theoretical framework for non-market valuation, and theoretical and conceptual foundations of cost-benefit analysis for natural and environmental resources. Despite the fact that contingent valuation estimates may contain errors, it is still recommended for policy makers to use estimated values of willingness to pay of important public goods than to ignore them. If their value is not assessed, it is simply considered a zero. Cost-benefit analysis (CBA) can apply to policies, projects, regulations, and other government interventions. It is an assessment approach that puts a monetary value on policies’ consequences to justify the feasibility of a project. Building and understanding the conceptual foundations of CBA is crucial for ascertaining whether it can be used as a decision rule or not. To achieve environmentally and socially reliable management, it is recommended to involve everyone who will be affected by the policy implementation in a way that the study can reveal their interests and preferences related to a specific environmental issue or policy change. The paper points out the most relevant aspects to be taken into consideration when applying non- market valuation were generated.
contingent valuation method ; CBA ; landfill conversion ; welfare economics
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Podaci o prilogu
531-548.
2022.
x (x)
objavljeno
urn:nbn:hr:242:805325
Podaci o matičnoj publikaciji
Međunarodni znanstveni simpozij Gospodarstvo istočne Hrvatske – jučer, danas, sutra
Leko-Šimić, Mirna
Osijek: Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku
1848-9559
Podaci o skupu
11th International Scientific Symposium Region, Entrepreneurship, Development (RED 2022)
predavanje
09.06.2022-11.06.2022
Osijek, Hrvatska