Abstract
The article discusses the extent to which the research methodology of heterodox economics is suited to the economic impact analysis of land use and real estate applications. Fulfilling the requirements of context-sensitivity, sub-optimality and pragmatism is argued to be relevant for increasing our conceptual understanding of property value in its multiple dimensions, and consequently for improving the process and outcome of environmental amenity valuation. Here three different issues need to be addressed: (1) the appropriate economic theory framework; (2) the particular geographic and institutional context; (3) the perceived costs vs. benefits of any impacts. Such an analysis is shown in a case study on water valuation in the Netherlands.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.