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Towards Policies for Rural Amenities: Valuing Public Goods and Externalities in the U.S. and OECD

This June 5-6, 2000, workshop in Washington, D.C., focused on the contributions natural and cultural amenities--including externalities and public goods from agriculture and ecological resources--make to the development and well-being of rural areas and the welfare of countries. Workshop participants assessed the merits and limitations of valuation methods of the demand for non-market amenities. They also looked at policy instruments to encourage the creation of market mechanisms to capture the non-marketed benefits of rural amenities, maintain and enhance supply, and correct potential costs to society in the event of market failure. The workshop provided important input to the debate at the OECD on the multifunctional character of agriculture, and helped develop related work on agri-environmental policies.






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