Determining the Economic Value of Water: concepts and methods.

• Position: BOOKS RECEIVED

Robert A. Young. 1616 P Street NW, Washington D.C. 20036-1400: RFF Press, February 2005. (202) 328-5086. www.rffpress.org. ISBN 1-891853-98-8. 357 pp. $39.00 Paperback.

In Determining the Economic Value of Water, Robert Young aims to provide the most comprehensive exposition to date of the application of nonmarket economic valuation methods to proposed water resources investments and policies. He provides a conceptual framework for valuation of both commodity and public good uses of water, addressing valuation techniques appropriate to measuring public benefits--including water quality improvement, recreation and wildlife habitat enhancement, and flood...