publication . Preprint . 2002

Valuing Externalities of Watershed Restoration and Erosion Control Projects in Mediterranean Basins: A Comparative Analysis of the Contingent Valuation and Replacement Cost Methods

Saez, Maria Del Carmen Almansa; Calatrava-Requena, Javier;

Open Access

Published: 01 Jan 2002

Summary
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Abstract

The methodology used for Economic Valuation of the Externalities generated by the Watershead Restoration and Erosion Control Projects in the Hydrographic Basins of the Mediterranean Slope, is based on the Replacement Cost Method. Environmental Economics, however, today offer us other methodological possibilities, whose application to the valuation of this type of project may prove to be of interest. It is the case of the Contingent Valuation Method used for the evaluation of the effects of the Watershead Restoration and Erosion Control Projects of the Aljibe Basin (Almería) Spain, presented here. The results obtained show that, in this case study, application of...

Subjects

free text keywords: contingent valuation, replacement cost, cost-benefit analysis, restoration of basins, desertification, reforestation, Resource /Energy Economics and Policy,

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Preprint . 2002

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