Economic Valuation of Air Force Environmental Resources: A Contingent Valuation Case Study.
Abstract
The Air Force spends $1 billion each year to preserve, maintain, and restore environmental resources under its control (Budget of the United States Government, 1994). Assessing the benefit of this spending is a central issue in federal environmental management. As federal environmental management moves from a "clean it up at any cost" mentality to one which carefully considers the costs and benefits of spending, a fundamental question arises: What value of environmental resources does our environmental spending provide? As in any rational economic exchange benefits must exceed costs; the value of an environmental resource which benefits from public spending must exceed the amount spent. This thesis explores a method to measure the value of environmental resources more completely and applies the method to measure the value of cleaning up two dormant landfills affecting a military housing area.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1996
- Accession Number
- ADA320745
Entities
People
- Timothy P. Haynie
Organizations
- Air Force Institute of Technology