Quotation Spash, Clive. 2008. Deliberative monetary valuation (DMV) and the evidence for a new value theory. Land Economics 84 (3): 469-488.




Economists concerned with validity are combining stated-preference methods with participatory deliberation to address on-going criticism. Deliberative monetary valuation (DMV) uses formal methods of deliberation to express values for environmental change in monetary terms. However, the results have begun to define different realms of value, reflecting pluralism in public concern over environmental change. Reviewing empirical DMV studies evidences a range of issues regarded as external to economics and the validity of its methods, issues which are typically kept at arms length by most environmental economists namely, multiple values, incommensurability and lexicographic preferences, social justice, fairness, and non-human values. (JEL D61, Q51)


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Land Economics
Citation Index SSCI
WU-Journal-Rating new FIN-A, VW-C, WH-B
Language English
Title Deliberative monetary valuation (DMV) and the evidence for a new value theory
Volume 84
Number 3
Year 2008
Page from 469
Page to 488
URL http://www.clivespash.org/2008_Spash_LE_DMV.pdf


Spash, Clive L. (Details)
Institute for Multi-Level Governance and Development IN (Details)
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