| The methodology used for Economic Valuation of the Externalities generated by the Watershead Restoration and Erosion Control Projects in the Hydrographic Basins of the Mediterranean Slope, is based on the Replacement Cost Method. Environmental Economics, however, today offer us other methodological possibilities, whose application to the valuation of this type of project may prove to be of interest. It is the case of the Contingent Valuation Method used for the evaluation of the effects of the Watershead Restoration and Erosion Control Projects of the Aljibe Basin (Almería) Spain, presented here. The results obtained show that, in this case study, application of Contingent Valuation ascribes greater social profitability of the project, with 5.23 % of IRR... |
