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Australasian environmental economics: contributions, conflicts and ‘cop‐outs’ *
Author(s) -
Bennett Jeff
Publication year - 2005
Publication title -
australian journal of agricultural and resource economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 1364-985X
DOI - 10.1111/j.1467-8489.2005.00297.x
Subject(s) - valuation (finance) , project commissioning , economics , contingent valuation , ecological economics , choice modelling , preference , work (physics) , positive economics , public economics , publishing , political science , microeconomics , business , engineering , willingness to pay , accounting , marketing , ecology , sustainability , law , biology , mechanical engineering
Australian and New Zealand environmental economists have played a significant role in the development of concepts and their application across three fields within their subdiscipline: non‐market valuation, institutional economics and bioeconomic modelling. These contributions have been spurred on by debates within and outside the discipline. Much of the controversy has centred on the validity of valuations generated through the application of stated preference methods such as contingent valuation. Suggestions to overcome some shortcomings in the work of environmental economists include the commissioning of a sequence of non‐market valuation studies to fill existing gaps to improve the potential for benefit transfer.