Evaluation

Martina Kršková

Ekonomika a Management, 2008, vol. 2008, issue 1

Abstract: The text describes theoretical concepts of the valuation of goods, which isn't done directly by the market - that of externalities and free goods. It concentrates on methods used to find their value, and then summarizes the main approaches used to find the value of human life. The only relatively easy to apply method, the one based on capitalization of income, is criticized due to the fact that its outcomes do not reflect the needs of consequent application.

Keywords: Stínová cena; Shadow Price; Hodnota lidského života; Value of life; WTP (search for similar items in EconPapers)
Date: 2008
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