Natural Resource Economics

  1. Valuation of Natural Resources
    1. Total Economic Value Framework
      1. Use Values
        1. Direct Use Value
          1. Consumptive Use
            1. Non-Consumptive Use
            2. Indirect Use Value
              1. Ecosystem Services
                1. Supporting Services
                  1. Regulating Services
                  2. Option Value
                    1. Future Use Potential
                      1. Insurance Value
                    2. Non-Use Values
                      1. Existence Value
                        1. Bequest Value
                          1. Altruistic Value
                            1. Intrinsic Value
                          2. Revealed Preference Methods
                            1. Hedonic Pricing Method
                              1. Property Value Analysis
                                1. Wage Differential Analysis
                                  1. Market Price Decomposition
                                  2. Travel Cost Method
                                    1. Recreation Demand Estimation
                                      1. Consumer Surplus Calculation
                                        1. Zonal Travel Cost
                                          1. Individual Travel Cost
                                          2. Averting Behavior Method
                                            1. Defensive Expenditures
                                              1. Substitute Goods Approach
                                            2. Stated Preference Methods
                                              1. Contingent Valuation Method
                                                1. Willingness to Pay Surveys
                                                  1. Willingness to Accept Surveys
                                                    1. Survey Design Issues
                                                      1. Bias Problems
                                                      2. Choice Experiments
                                                        1. Attribute-Based Valuation
                                                          1. Experimental Design
                                                            1. Statistical Analysis
                                                            2. Contingent Ranking
                                                              1. Contingent Rating
                                                              2. Benefit Transfer Methods
                                                                1. Value Transfer Techniques
                                                                  1. Meta-Analysis
                                                                    1. Function Transfer
                                                                    2. Applications of Valuation
                                                                      1. Cost-Benefit Analysis
                                                                        1. Project Evaluation
                                                                          1. Policy Assessment
                                                                            1. Decision Criteria
                                                                            2. Natural Resource Damage Assessment
                                                                              1. Compensation Determination
                                                                              2. Environmental Impact Assessment
                                                                                1. Impact Quantification
                                                                                  1. Mitigation Measures

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                                                                              6. Property Rights and Market Failures

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                                                                              8. Policy Instruments for Resource Management