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.

Posted by Jennifer Wang on September 18, 2013with a categorization of Data > Value Transfer Research & Analysis, Guidance > Valuation Techniques