Valuation in the Environmental Policy Process

Policy Sciences (2006) 39: 73-90

18 Pages Posted: 27 Jul 2014

See all articles by William Ascher

William Ascher

Claremont McKenna College - Robert Day School of Economics and Finance

Toddi A. Steelman

University of Saskatchewan

Date Written: July 25, 2006

Abstract

Expert valuation, a process used to determine how much stakeholders value eco-system aspects, places experts as intermediaries for public-preference input into the environmental policy process. While the rise and refinement of expert valuation might capture ecosystem values more comprehensively, two dilemmas are also worth of consideration: (1) will expert valuation and benefit cost analysis supplant democratic expression; and (2) will refinement of expert valuation still leave the ecosystem under valued? This article reorients the current problem from focusing on the need to refine methods to capture more ecosystem benefits to consider how valuation can contribute to a set of more democratic processes that allow the public to contribute to and consider a broader range of policy options.

Suggested Citation

Ascher, William and Steelman, Toddi A., Valuation in the Environmental Policy Process (July 25, 2006). Policy Sciences (2006) 39: 73-90. Available at SSRN: https://ssrn.com/abstract=2472153

William Ascher

Claremont McKenna College - Robert Day School of Economics and Finance ( email )

500 E. Ninth St.
Claremont, CA 91711-6420
United States

Toddi A. Steelman (Contact Author)

University of Saskatchewan ( email )

School of Environment and Sustainability
Saskatoon, Saskatchewan S7N 5A7
Canada

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