How can I estimate NON-MARKET VALUE?
How can I estimate
NON-MARKET VALUE?
Non-market valuation helps calculate the monetary value of environmental resources not normally traded in conventional markets. This information allows managers to
• Better justify the need for protection
• Show the value of the resource over time
• Determine the amount of compensation in the event of damage
 
Tools and Methods:
• Non-market valuation
• Cost-benefit analysis
• Interviews
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How can I estimate NON-MARKET VALUE? How is my community linked to the COASTAL ECONOMY? Who are the key DECISION MAKERS? What are my community's PERCEPTIONS of coastal management? Who are the primary STAKEHOLDERS? How can I characterize RESOURCE USE? How well are local TRADITIONS and CULTURE understood? What are the root causes of LOCAL USER CONFLICTS? How can I measure SOCIAL IMPACTS of resource use?