Aestimum 38 (1999)
Original Articles - Appraisal and rural economics

Environmental Economics and Decision Analysis: An Overview of Recent Results

Published 2009-06-01

Abstract

This paper aims to show the extensive applicability of decision analysis tools in environmental economics. A series of environmental situations, where the use of methods based on derision analysis have shown their superiority with respect to those based on cost-benefit analysis are presented throughout the paper. In this sense, the following situations will be commented: a) the appraisal of environmental assets, b) the optimal provision of environmental goods and c) the analysis of different procedures to introduce several biodiversity measures into a forest management optimisation model. These three significant scenarios demonstrate the importance of using methodological approaches underpinned by decision analysis tools. Keywords: Environmental Economics; Decision Analysis; Forest Management; Biodiversity; Goal Programming; Compromise Programming