Abstract
Serious practice of nonmarket valuation requires a working knowledge of the economic theory because it forms the basis for the explicit goals in any nonmarket valuation exercise. This chapter provides readers with the requisite theory to meaningfully apply the nonmarket valuation techniques.
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Flores, N.E. (2003). Conceptual Framework for Nonmarket Valuation. In: Champ, P.A., Boyle, K.J., Brown, T.C. (eds) A Primer on Nonmarket Valuation. The Economics of Non-Market Goods and Resources, vol 3. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-0826-6_2
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DOI: https://doi.org/10.1007/978-94-007-0826-6_2
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