TY  - JOUR
AB  - The primary focus concerns the measurement of non‐market
environmental effects. It is suggested that the formal decision analysis
advocated in traditional management accounting typically excludes a wide
range of nonfinancial activities and that developments in environmental
economics may prove useful in the development of more explicit
procedures for corporate decision making. Different approaches to
environmental resource decision making are discussed, along with
different notions of environmental value, including use, option and
preservation values. Finally, the different methods suggested by
economists to obtain monetary values for non‐market resources,
specifically the dose‐response, hedonic price, travel cost, and
contingent valuation methods, are reviewed, with mention of some
implications for private decision makers and accountants.
VL  - 4
IS  - 3
SN  - 0951-3574
DO  - 10.1108/09513579110003583
UR  - https://doi.org/10.1108/09513579110003583
AU  - Milne Markus J.
PY  - 1991
Y1  - 1991/01/01
TI  - Accounting, Environmental Resource Values, and Non‐market Valuation Techniques for Environmental Resources: A Review
T2  - Accounting, Auditing & Accountability Journal
PB  - MCB UP Ltd
Y2  - 2024/04/25
ER  -