Masters Theses
Date of Award
8-1976
Degree Type
Thesis
Degree Name
Master of Science
Major Professor
David M. Ostermeier
Committee Members
Brady J Deaton, Kerry F. Schell, G. R. Wells
Abstract
The purpose of this study was to review and critique methods of valuing non-market goods and services of natural environments. Several historical approaches were evaluated according to potential usefulness as input into the public decision process. A critique of these various approaches suggests two which are must useful in providing benefit information into the public land use process. The major finding of this study suggests the use of a "market approach" to valuation of amenity goods and services. This includes use of the various approaches to valuation plus an additional conceptual approach derived from consumer behavior theory. Public decision-makers need economic value information on the various alternatives available when investment of public funds is being considered. The proposed valuation approach gives one type of information that will be useful in the choice process. Future studies should concentrate efforts on improvements in data collection and coordination of the investment activities of the multitude of government agencies involved in providing public outdoor recreation and other amenity goods and services.
Recommended Citation
Livengood, Kerry R., "Measurement of non-market benefits of natural environments. " Master's Thesis, University of Tennessee, 1976.
https://trace.tennessee.edu/utk_gradthes/8021