A haze from forest fires in Indonesia affected not only that country, but also most of Malaysia, Singapore and Southern Thailand, for three months in 1997. Studies estimating the cost of the haze to the affected economies have since appeared. This note shows that "typical" empirical estimates of...

In this book, the first of two volumes, the authors provide detailed case studies of valuation techniques that have been used in developing countries. They demonstrate that valuation works and that it can yield significant insights into policy-relevant issues regarding conservation and economic...