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FAO
FORESTRY
PAPER 127
Valuing forests: J.E.M. Arnold A.L. Lundgren A. Contreras-Hermosilla |
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EPAT/MUCIA
WORLD BANK UNITED NATIONS ENVIRONMENT PROGRAMME Food and Agriculture Organization of the United Nations Rome, 1995 |
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Reprinted 1999
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The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. |
M-30
ISBN 92-5-103699-3
ISSN 0258-6150
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying or otherwise, without the prior permission of the copyright owner. Applications for such permission, with a statement of the purpose and extent of the reproduction, should be addressed to the Director, Information Division, Food and Agriculture Organization of the United Nations, Viale delle Terme di Caracalla, 00100 Rome, Italy.
© FAO 1995
This electronic document has been scanned using optical character recognition (OCR) software and careful manual recorrection. Even if the quality of digitalisation is high, the FAO declines all responsibility for any discrepancies that may exist between the present document and its original printed version.1. ECONOMIC VALUES: USEFULNESS AND LIMITATIONS
The Same Good or Service Can Have Positive or Negative Value Associated With It
The With and Without Concept
Capital Values and Flow Values
Financial Values and Economic Values
Time Value and Discounting
“Value in Exchange” Is Different From “Value in Use”
2. DEFINING THE DECISION CONTEXT
The Policy Context
The Administrative Context
Social and Interest Group Decision Contexts and Tradeoff Criteria
3. IDENTIFYING INTERESTED GROUPS THEIR VALUE PERSPECTIVES
Different User Views of Forest Values
Main Interested Groups Concerned With Forest Values
4. VALUING THE FOREST AND ITS USES: THE AVAILABLE TECHNIQUES AND THEIR USEFULNESS IN PRACTICE
The Techniques for Estimating Measures of Economic Value
Valuing Forest Goods and Services in Practice
5. SUMMING UP: GUIDELINES FOR USING VALUE MEASURES IN PRACTICE
Defining the Decision Context in a Realistic Fashion
Valuing Goods and Services, Once the Context Has Been Defined
Dealing with Value Uncertainties
Final Comments