Integrated Assessment and Management of Public Resources: (New Horizons in Environmental Economics series)

This multidisciplinary work explores ways of making environmental policy decisions in managing public goods and natural parks with the goal of maximizing economic benefits to society. The contributors to the volume seek the best strategies for improving the environmental sustainability and quality of a public resource by showing how to develop quantitative information about the natural area and how it interacts with the economy. Such an analysis can be used to define policies that encourage interactions among institutions, local economic agents and park users. At the same time, it provides a measure to account for the implications of those policies on the local economy.A public resource, such as a natural park, has many different functions - the production of marketed goods, ecosystem protection and tourism - and its management requires the knowledge of the physical, biological and ecological characteristics of the functions supplied by the resource, as well as the value of each function and the public resource as a whole. To ensure the implementation of the optimal practice, the contributors adopt a participative approach to establish a credible social contract between the area's public manager and its consumers. Balancing the interests of residents, visitors and local businesses, and coupling the development of both the natural potential of the area and the local economy, are necessary steps for the best strategy to be adopted. Economists and agricultural-environmental economists, forest and resource planners interested in practical guidance, and professors who teach environmental economics or forest planning courses will all find this collection invaluable and instructive.

Table of Contents:
Contents: Introduction Joseph C. Cooper, Federico Perali and Marcella Veronesi Part I: Assessment 1. Estimating the Level of Functions Supplied by a Natural Area Using GIS Information Michele Carta, Nicola Gallinaro and Massimo Bianchi 2. The Supply of Functions by Homogeneous Area Using Cluster Analysis Paola De Agostini, Veronica Cicogna and Federico Perali 3. A Contingent Valuation Method Incorporating Fairness and Citizen Participation Joseph C. Cooper, Federico Perali, Nicola Tommasi and Marcella Veronesi 4. Travel Cost Estimation Conditional on Leisure Consumption Joseph C. Cooper, Federico Perali, Nicola Tommasi and Marcella Veronesi Part II: Management 5. Identifying the Best Combination of Environmental Functions Using Multi-Criteria Analysis Paola De Agostini 6. Simulating the Impact on the Local Economy of Alternative Management Scenarios for Natural Areas Paola De Agostini, Stefania Lovo, Francesco Pecci, Federico Perali and Michele Baggio 7. Resolving Conflicts in a Natural Area Michele Baggio Conclusions Joseph C. Cooper, Federico Perali and Marcella Veronesi Appendix: West Garda Regional Forest Survey – A Platform for Policy Analysis Nicola Tommasi and Marcella Veronesi Index

About the Author :
Edited by Joseph Cooper, Senior Economist, Economic Research Service, United States Department of Agriculture, Washington, DC, US. He served during 2005 to 2006 as a senior economist in charge of agriculture and natural resources at the President’s Council of Economic Advisors, Federico Perali, Professor, Department of Economics, University of Verona, Italy and Marcella Veronesi, Full Professor in Applied Economics, Climate Economics and Risk Management Section, Department of Technology, Management and Economics, Technical University of Denmark, and Associate Professor in Economic Policy, Department of Economics, University of Verona, Italy