When adequate valuation studies are not available from a comparable context in order to estimate the value of natural capital at a particular location, it may be necessary to conduct primary economic studies based at the site. In fact, even when valuation studies are available from a comparable site, it is generally preferable to do an original study because no "transferred" study is going to be as accurate and applicable for that site as an original "site-based" study.

 

 

EVG uses a range of tools for this, including:

  • hedonic analysis
  • travel cost analysis
  • contingent valuation
  • group valuation

 

 

 

 

 

 

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