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Updated: Jul 12, 2026

Watershed Planning within a Quantitative Scenario Analysis Framework
Published on: July 24, 2016
Thoughts concerning the economic valuation of landscapes
1Division of Resource Management, West Virginia University, P.O. Box 6108, Morgantown, WV 26506-6108, USA. Peter.Schaeffer@mail.wvu.edu
Abstract:
The incorporation of economic thinking into the valuation of landscapes is still relatively new. It is an approach that yields valuable new insights and can help with prioritizing the use of scarce resources to improve and/or preserve landscapes. This paper explores and discusses the uses and limitations of economic valuation of landscapes from market failure, policy process, and theoretical and philosophical perspectives.
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