This is the second of two volumes of case studies that illustrate how environmental economists place values on environmental assets and on the flows of goods and services generated by those assets. This important book assembles studies that discuss broad areas of application of economic...

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...

1. Introduction -- 2. Economic criteria for water allocation and valuation -- 3. Water as an economic good -- 4. Appraising flood control investments in the UK -- 5. Cost-benefit analysis and flood control policy in the Netherlands -- 6. Cost-benefit analysis of river restoration in Denmark --...