<p>How much should be spent in maintaining Edinburgh Castle? What payment should be provided to landowners to persuade them to preserve the environment or to protect wildlife under their control? What support should be offered by government to the arts? Policy makers are often confronted with the problem of trying to assess the value of a feature of our cultural heritage, of our environment, or of some artistic endeavour when there are either no reliable market prices or when the prices that do exist cover only part of the overall benefit derived by society. This is where the contingent valuation method offers a solution. The essays in this volume provide a comprehensive overview of the use of this technique. Using extensive examples from all three areas of heritage, environment and the arts, the coverage is comprehensive and rooted in practice, although it also includes a non-technical introduction to theory that underpins the method. This is an exciting volume that addresses issues that are increasingly finding their way onto the public policy agenda and demonstrates how decision makers can be usefully informed through careful use of contingent evaluation.</p>

Heritage, the Environment and the Arts: Pricing the priceless: Hume Papers on Public Policy Volume 6 No 3

Business & Money

Willis, K. G.

Garrod, G.D.

Hanley, Keith

Management & Leadership

Edinburgh University Press

Rural Resource Development: An Economic Approach (Routledge Library Editions: Urban and Regional Economics)

<p>Originally published in 1978. The question of how best to use our various resources has become one of crucial importance as we face today's many economic problems. In this second edition, the authors are concerned with decisions on rural issues in a climate of financial cut-backs, which emphasise the need for identifying the most efficient public choices. With a refreshing directness they consider immediate problems of rural resources, such as the growth of the public sector, fluctuating commodity prices, dislocation in the land market, pollution, recreation pressure, and modernisation of an outdated settlement structure. In Part one, chapters deal in turn with the economics of public decisions, the application of quantitative models in the development context, the planning system as it applies to rural areas, and the problems of conserving the rural environment. Part two deals with the individual topics: land use and conversion to other uses, recreational use of the countryside, conservation economics, rural population, the labour market and farm policies, rural transport, and rural settlement. The authors conclude with an examination of the Cow Green Reservoir as a case-study of a rural public issue which had to be resolved. This revised and considerably expanded edition focusses specifically on the economic aspects of the subject and provides further illustrations, diagrams and examples.</p>

Rural Resource Development (Routledge Library Editions: Urban and Regional Economics)

Whitby, M. C.

Economics

Routledge

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