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- Zhang, Daowei; Stenger, Anne
- Journal of Environmental Economics and Policy 2015 v.4 no.2 pp. 129-140
- opportunity costs, etc ; ecological value; ecosystem services; forests; market value; markets; politics; supply balance; Show all 8 Subjects
- ... In this paper, we first present a total forest economic value framework from an anthropocentric instrumental value perspective and differentiate gross value, economic value, market value, and valuation of forest ecosystem services. We then argue that some of the demand-side-based non-market valuation approaches only provide an estimate of gross value, not economic value. Thus, strictly speaking, t ...