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Valuation of non-market goods: A methodology for public policy-making
Abstract
Our society cannot continue to exploit the environment at our current rate without severe consequences to the public's well being. The public policy practices of trying to internalize, regulate, or mitigate the consequences of economic and social exploitation have failed to define the true cost of exploitation. Public policy needs a different process of managing environmental assets that maintains biodiversity concurrent with economic and social sustainability. This dissertation provides a public policy process for environmental asset management that incorporates scientific and cultural criteria. The model uses scientific criteria as a base for the cultural criteria of social organization. By using an open systems approach, a management model emerges that incorporates the requirements of sustainability for the ecosystem and the human community. A Social Fabric Matrix approach is used to model the open systems which capture the deliveries and the levels of the interaction between human and environmental systems. Deliveries to the environmental system must be governed by scientific criteria, because ecosystems do not respond to monetary signals. Deliveries to the cultural system can be broken down into the receiving institutions. This allows value ranking to occur with the proper measurement, whether it be monetary, legal, or moral ranking. The value ranking of the deliveries based on the society's moral code is important to the well being of the community. This dissertation provides two techniques, qualitative interviews and conjoint analysis, to incorporate the non monetary deliveries into the management of environmental assets. The Social Fabric Matrix organizes the information into a decision making format. The model is presented within the context of a case study of the Boise River Comprehensive plan. The case study demonstrates the use of the policy model and illustrates the types of information that can be obtained from the techniques.
Subject Area
Agricultural economics|Forestry|Public administration
Recommended Citation
Eberle, W. David, "Valuation of non-market goods: A methodology for public policy-making" (1995). ETD collection for University of Nebraska-Lincoln. AAI9614983.
https://digitalcommons.unl.edu/dissertations/AAI9614983