Non market valuation in New Zealand
There is a demand for non-market valuation information in New Zealand which is likely to increase with current "more-market" policies. Information needs range from identifying non-market values, through methods for incorporating them in the decision-making process, to methods of measurement. New Zealand's unique cultural environment may preclude the wholesale adoption of approaches used elsewhere. There is a need for verification of overseas approaches. A small group of New Zealand researchers have gained competence in applying methods of measurement developed overseas and are in a position to make advances of international significance. The Centre for Resource Management intends to co-ordinate non-market valuation research in New Zealand in order to maximise the benefits of that research to all New Zealanders.... [Show full abstract]
Keywordsenvironmental values; market valuation; market economics; social impact; willingness to pay; resource allocation; non-market valuation
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