Valuation Methods: General Principles

Peter Abelson
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Peter Abelson: Macquarie University

Chapter 3 in Project Appraisal and Valuation of the Environment, 1996, pp 38-56 from Palgrave Macmillan

Abstract: Abstract In this chapter we turn from the general principles of cost-benefit analysis to valuation issues. Specifically, we consider three main issues: the choice of valuation unit, or numeraire as it is sometimes called; the basic methods for valuing costs and benefits; and the strengths and weaknesses of the cost-benefit approach to valuation.

Keywords: Contingent Valuation; Valuation Method; Shadow Price; Shadow Prex; Domestic Prex (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37474-4_3

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DOI: 10.1057/9780230374744_3

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