The complex real-world interactions between the economy and the environment form both the focus of and main barrier to applied research within the field of environmental economics. However, geographical information systems (GIS) allow economists to tackle such complexity head on by directly incorporating diverse datasets into applied research rather than resorting to simplifying and often unrealistic assumptions. This innovative book applies GIS techniques to spatial cost-benefit analysis of a complex and topical land use change problem - the conversion of agricultural land to multipurpose woodland - looking in detail at issues such as opportunity costs, timber yield, recreation, carbon storage, etc., and embracing cost-cutting themes such as the evaluation of environmental preferences and the spatial transfer of benefit functions.
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'A fine example here of economic valuation being put to an imaginative and unique use by some of the most exciting practitioners of the art of economic valuation.' David W. Pearce, from the Foreword
'Researchers in the field of land use and economic valuation will find this study a source of information and inspiration.' Netherlands Economic Review
'This book succeeds in providing a detailed example of the contribution of GIS techniques to cost-benefit analysis and it describes an application of environmental economic analysis to real-world decision making.' Environment and Planning A
An innovative application of GIS techniques to spatial cost-benefit analysis of a complex land use change problem. The imaginative use of GIS will be of great interest to economists, environmental managers and regional planners.
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