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Economic Value of Original Non-Market Valuation Research

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  • Allen, Bryon
  • Loomis, John B.

Abstract

We describe a method to determine the net economic gain from conducting original research to estimate non-market benefits of public policy and demonstrate an application of this method. We provide a step-wise method to allow policy practitioners to make informed decisions about when there are expected net benefits to conducting or contracting for original research to estimate the benefits of a policy decision.

Suggested Citation

  • Allen, Bryon & Loomis, John B., 2004. "Economic Value of Original Non-Market Valuation Research," 2004 Annual meeting, August 1-4, Denver, CO 20263, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20263
    DOI: 10.22004/ag.econ.20263
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    References listed on IDEAS

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