<i>'. . . this is a very valuable addition to the repertoire of knowledge in discerning the true cost of human activities to the environment.'</i>
- Tunde Agbola, University of Ibadan, Nigeria,
<i>'This book is a unique resource for a wide-ranging audience, including academics, students, and anyone in the field who might be required to make an assessment of environ-mental values. As the Lonely Planet guides have become the Bible for travelers, this will be the Bible for environmental economists in developing countries. And for those in industrialised countries? There is a second volume to come that will deal with the developed world.'</i>
- Jill Windle, Australian Journal of Agricultural & Resource Economics,
The authors address a whole range of environmental issues under the broad themes of water and air quality, biological diversity and forest functions. The economic approaches covered include contingent valuation, hedonic property prices, travel cost methodologies and benefits transfer. They also go on to look at the idea of extending national accounts to reflect changes in environmental assets. Examples of the varied and interesting case studies include valuing improvements to sanitation in Malaysia, the value of visits to game parks in South Africa and tropical forest values in Mexico. They highlight how valuation techniques can be applied, often with limited resources, to critical development issues.
Academics and practitioners of environmental economics will draw great value from this unique and original work, as will the many multilateral and bilateral aid agencies. The book will also prove a valuable addition to graduate and undergraduate courses in environmental economics where there is a need for case material.