Understanding the economic value of nature and the services it provides to humanity has become increasingly important. In this paper we review the progress to date on both the necessary conceptual framework and empirical valuation studies required to bolster decision support systems targeted at...

The paper outlines a programme of research funded under the Rural Economy and Land Use (RELU) programme. The proposed research will examine the likely effects of the Water Framework Directive (WFD) in terms of both its impacts upon the farming sector and the non-market benefits it may generate....