Accession Number : ADA304192

Title :   Review of Monetary and Nonmonetary Valuation of Environmental Investments,

Corporate Author : MICHIGAN STATE UNIV EAST LANSING DEPT OF SPEECH

Personal Author(s) : Feather, Timothy D. ; Russell, Clifford S. ; Harrington, Keith W. ; Capan, Donald T.

PDF Url : ADA304192

Report Date : FEB 1995

Pagination or Media Count : 197

Abstract : This report was prepared under the Monetary and Other Valuation Techniques Work Unit of the USACEEvaluation of Environmental Investments Research Program. Overall, the objectives of this Work Unit are to: (1) identify relevant socioeconomic use and nonuse values associated with environmental projects; (2) improve the linkages between environmental output measures and necessary inputs to socioeconomic evaluation; (3) develop, test, and provide guidance for nonmarket valuation of environmental project outputs; and (4) assess the appropriateness of nonmonetary evaluation techniques for prioritizing programs at the national level. The conceptual foundation and institutional setting for pursuing further study are developed in this initital report. Specific objectives are to: (1) describe services provided by environmental resources and systems and methods for their measurement or valuation; (2) review existing research programs and products; and (3) evaluate the resource constraints on potential Corps' field applications. The report concludes with recommendations for further research. Independent expert views from an economist, engineer, ecologist and psychologist as to environmental outputs and valuation techniques are included as appendicies. (MM)

Descriptors :   *ENVIRONMENTAL IMPACT, *WETLANDS, *WATER RESOURCES, *LAND USE, *ECOLOGY, *WATER RECLAMATION, MANAGEMENT PLANNING AND CONTROL, INVESTMENTS, ECONOMIC IMPACT, ECONOMICS, WASTE WATER, COST ANALYSIS, NATURAL RESOURCES, HYDROLOGY, WATER TREATMENT, DRAINAGE, ECOSYSTEMS, RESOURCE MANAGEMENT, RIVERS, WATERSHEDS, ENVIRONMENTAL MANAGEMENT, FLOODS, PUBLIC UTILITIES, HABITATS, CHANNEL FLOW, WILDLIFE, LAKES, BASINS(GEOGRAPHIC), ESTUARIES.

Subject Categories : Economics and Cost Analysis
      Ecology
      Hydrology, Limnology and Potamology
      Civil Engineering
      Environmental Health and Safety

Distribution Statement : APPROVED FOR PUBLIC RELEASE