Model of attributing economic value to natural valuable areas Cover Image

Model nadania ekonomicznej wartości obszarom cennym przyrodniczo
Model of attributing economic value to natural valuable areas

Author(s): Piotr Szymański
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: natural environment; value; valuation; common-pool resource; private costs; externalities; resources allocation; biodiversity; existence value; natural environment value

Summary/Abstract: The absence of costs of externalities generated in the environment by business operations results in suboptimal resource allocation in Pareto sense, the destruction of valuable natural areas and the reduction in biodiversity. The article examines the existing solutions to the problem of the conversion of externality costs occurring in the environment into private costs. It also presents the idea of a mechanism which could raise the value of natural areas to such a level that the risk of their development would be significantly reduced.

  • Issue Year: 2011
  • Issue No: 17
  • Page Range: 347-366
  • Page Count: 20
  • Language: Polish