Economic Environmental Valuation

dc.contributor.authorWawire, N. H. W.
dc.contributor.authorThuo, A.D.M.
dc.date.accessioned2015-05-07T08:20:53Z
dc.date.available2015-05-07T08:20:53Z
dc.date.issued2007
dc.descriptionBook Chapteren_US
dc.description.abstractThis chapter attempts to place a monetary value on environmental resources describing various methods of valuing an environmental resource with respect to costs and benefits. This is because externalities do arise from production and consumption of goods and services that are not accounted for in a competitive market due to market failure (Stiglitz, 1988; Hyman, 1996 and Kolstad, 2000). Marketsfail if prices do not communicate the society's needs and constraints accurately, thereby understating the services provided by an environmental resource. In the worst scenario, prices do not exist to send a signal about the value ofa resource within the environment.en_US
dc.description.sponsorshipThe Japan Society for the promotion of Science in collaboration with Kenyatta Universityen_US
dc.identifier.issn9966-776-34-6
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/12591
dc.language.isoenen_US
dc.publisherSchool of Environmental Studies and Human Sciences, Kenyatta Universityen_US
dc.titleEconomic Environmental Valuationen_US
dc.title.alternativeEnvironment and Sustainable Development A Guide for Higher Education in Kenya Volume IIen_US
dc.typeBook chapteren_US
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