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Recent revisions to the theory and definition of payments for ecosystem services (PES) challenge the generally accepted dominance of direct incentives provided in a buyer–seller relationship. The revisionist thinking insists indirect incentives and a cooperative, reciprocal relationship are often more appropriate. Those characteristics, however, hark back to the indirect, cooperative interventions...
In this paper we consider the question, ‘What is the the scope for using results of economic valuation studies in the appraisal and assessment of heritage-related projects and programmes?’ This entails assessing the potential role and scope of ‘value transfer’, which is an approach to economic valuation that uses results of previous valuation studies (for example, travel cost or stated preference...
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