Economic valuation through cost-benefit analysis ? possibilities and limitations

Toxicology ◽  
2004 ◽  
Vol 205 (3) ◽  
pp. 241-252 ◽  
Author(s):  
B HANSJURGENS
2019 ◽  
Vol 10 (04) ◽  
pp. 1950014
Author(s):  
AMBIKA MARKANDAY ◽  
IBON GALARRAGA ◽  
ANIL MARKANDYA

This study systematically reviews the scientific literature ([Formula: see text]) on cost-benefit analysis (CBA) of adaptation measures in cities and similar urban environments. The review is conducted to assess existing or proposed actions for dealing with impacts of drought, heat waves, sea-level rise, and pluvial and fluvial flooding. It includes over 30 measures related to structural, services, technological, informational and ecosystem-based approaches. The main findings demonstrate that CBA of adaptation measures across urban environments must contend with numerous long-term socioeconomic and climate change uncertainties. Subsequently, this has led to inconsistencies in valuation frameworks related to, for example, planning horizons, discount rates, non-market considerations and future scenarios. Results also indicate a clear gap in the literature on the economic valuation of adaptation measures in the Global South. Furthermore, few studies integrate equity dimensions while planning for adaptation. Extensions of CBA to account for key uncertainties will help policy makers to allocate (often scarce) resources more efficiently and limit the likelihood of maladaptation. Further inclusion of the magnitude and distributional effects of non-market impacts and greater civil society engagement in policy dialogues will also be vital for promoting just and equitable measures that balance adaptation alongside other policy goals such as mitigation, economic development, health and well-being.


2002 ◽  
Vol 3 (1) ◽  
pp. 85-104 ◽  
Author(s):  
Michael Ahlheim ◽  
Ulrike Lehr

AbstractCost-benefit analysis of environmental projects often requires economic valuation procedures that are time-consuming and costly. Therefore, the wish to short-cut these procedures comes naturally, e.g. using the so-called „benefit transfer“. This method enables the researcher to use results from previous studies to calculate expected benefits of a planned project. In this paper we discuss the chances and limits of this approach from theoretical and empirical points of view. Starting from the welfare theoretical fundamentals of economic valuation we show that the road to any empirical measure is already marked by various assumptions. Taking a detailed look at the techniques of benefit transfers the paper arrives at recommendations for future benefit transfer studies.


Author(s):  
Kustiawati Ningsih ◽  
Halimatus Sakdiyah ◽  
Herman Felani ◽  
Rini Dwiastuti ◽  
Rosihan Asmara

Author(s):  
Juan Francisco Velasco Muñoz ◽  
José Ángel Aznar Sánchez

<p>El estudio de la valoración de los servicios de los ecosistemas es un área de investigación reciente en España pero que ha cobrado un fuerte impulso durante las últimas décadas. El carácter multidimensional de estos servicios, la diversidad de beneficiarios y partes interesadas, y los diferentes enfoques valorativos existentes hacen que su valoración resulte compleja. En este trabajo se presenta el marco conceptual para la valoración de los servicios provistos por los ecosistemas y una descripción de las metodologías más utilizadas, aplicado a los agroecosistemas españoles. Para ello se ha realizado una búsqueda en la base de datos del <em>Institute for Scientific Information </em>(ISI), dando como resultado una muestra de 101 trabajos. La metodología utilizada para su análisis ha sido de tipo cualitativo. Los resultados obtenidos muestran como el grueso de los trabajos de valoración de ecoservicios provistos por agroecosistemas en España se ha publicado durante los últimos cinco años y que entre las metodologías económicas más utilizadas destacan el análisis coste-beneficio, la valoración contingente y los experimentos de elección.</p><p>The study of the valuation of ecosystem services is a recent area of research in Spain but has gained strong impulse during the last decades. The multidimensional nature of these services, in addition to the diversity of related beneficiaries and actors, and the different approaches make their evaluation is complex. This paper presents the conceptual framework for the assessment of services provided by ecosystems and a description of the methodologies most used, applied to Spanish agroecosystems. To this end, it has conducted a search in the database of the Institute for Scientific Information (ISI), resulting in a sample of 101 papers. The methodology used for the analysis was qualitative. The results show how the majority of the proyect on valuation of ecosystem services provided by agroecosystems in Spain has been published for the past five years and between the most used economic methodologies include the cost-benefit analysis, contingent valuation and choice experiments.</p>


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