Open AccessEnvironmental Valuation of Investment Projects With Point of ‘Production Approach’:Korudanlık Gold-Silver Mine Project in Turkey.
Author(s) -
Alper Demä°Rbugan
Publication year - 2016
Publication title -
journal of social sciences research
Language(s) - English
Resource type - Journals
ISSN - 2321-1091
DOI - 10.24297/jssr.v10i3.4694
Subject(s) - valuation (finance) , contingent valuation , natural resource economics , environmental economics , production (economics) , environmental quality , investment (military) , willingness to pay , pre money valuation , business , economics , environmental resource management , finance , microeconomics , politics , political science , law
Monetary valuation of changes in environmental quality has a great importance in evaluation of investment projects.The benefit or avoided damage cost from a project to change environmental quality is captured by individuals' wilingness to pay(WTP). Valuation methods based on WTP can mainly be categoriesed in two groups as 'production approach' and 'utility approach'. In this study, concept of wilingness to pay and valuation methods based on 'production approach' are investigated with an application to a mine project in Turkey.