VALUING MARGINAL CHANGES IN THE QUALITY OF AN ENVIRONMENTAL ASSET

We present a model that extends the replacement cost theory to cases where benefits are restored for multiple years. Our theoretical framework derives a functional relationship between investments expenditures and environmental benefits. By extending the investment framework, we model reservoir benefits as a function of marginal changes in soil erosion.


Issue Date:
2004
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/20414
Total Pages:
10
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-04-26

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