We interrogate the meaning of, and inferences from, four formulations for quantitative expressions, or metrics, of environmental indicators that are used in the field of ecology and we then evaluate their usefulness in non-market valuation. The assumptions and limitations of each formulation are discussed using seven hypothetical cases of change in environmental condition.
A note on communicating environmental change for non-market valuation
SCARPA, Riccardo
2017-01-01
Abstract
We interrogate the meaning of, and inferences from, four formulations for quantitative expressions, or metrics, of environmental indicators that are used in the field of ecology and we then evaluate their usefulness in non-market valuation. The assumptions and limitations of each formulation are discussed using seven hypothetical cases of change in environmental condition.
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