Valoración de bienes ambientales complejos: Una alternativa multicriterio
2011 ◽
Vol 7
(14)
◽
pp. 83
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Keyword(s):
Economic valuation of complex environmental goods has several issues still opened to debate. This paper focuses on two of these aspects; linearity of attributes in the valuation function and individual utility function heterogeneity. A methodological approach based on Multi-attribute Utility Theory is proposed which allows to contrast the impact of these concerns on environmental good valuation. We apply the proposed methodology to value a protected natural in the province of Granada (Spain). From the results obtained we can conclude that attribute non-linearity and individual utility function’s heterogeneity are relevant aspects to be taken into account in environmental valuation.