This paper discusses the implications of relative price change for public expenditure analysis involving natural environments. It develops a model which identifies those demand and supply factors which must be considered in the evaluation of the time stream of benefits associated with the amenity services provided by natural environments in their preserved status.
|Original language||English (US)|
|Title of host publication||J.ENVIRONM.ECON.MGMT|
|Number of pages||11|
|State||Published - 1974|
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