The report addresses how economists deal with society’s preference for unpriced values and describes several approaches to valuing unpriced goods and services. Included in the report is a discussion of economic theory for cost-benefit analyses with respect to unpriced values, identification of value categories and a summary of unpriced values studies that were undertaken in Ontario. The report also considers issues relevant to future unpriced valuation studies in forestry.
Measuring Unpriced Values: An Economic Perspective and Annotated Bibliography for Ontario
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