Natural Resource Economics Commons^™

Environmental Economics: A Case Study For The Big Cottonwood Canyon Watershed, Robert Hull

Pomona Senior Theses

Environmental economics is the application of economic principles to the study of how natural resources are developed and managed. The methodologies used attempt to value ecosystem services provided by healthy, functioning natural lands and ecosystems. Ecosystem services attributed to natural lands contribute significant human welfare benefits that go largely undervalued or misrepresented in the decision-making process for the development of land. As environmental valuation methodologies and techniques continue to advance, policy decisions will be better able to create outcomes that maximize benefits for targeted populations and landscapes. The purpose of this paper is to first describe the methodologies used in …