Pagiola, Stefano; Ritter, Konrad von; Bishop, Josh - EconWPA - 2005
Valuation studies have considerably increased our knowledge of the value of ecosystems. Their usefulness has often been … undermined, however, by a failure to properly frame them so as to address the specific question of interest. Valuation is not a …. This paper seeks to clarify how valuation should be conducted to answer specific policy questions. In particular, it looks …