Ian J. Bateman is Professor of Environmental Economics, University of East Anglia and Senior Research Fellow at CSERGE and CEBARD. Andrew A. Lovett is Senior Lecturer at the School of Environmental Sciences, University of East Anglia. Julii S. Brainard is Senior Researcher at the Centre for Social and Economic Research on the Global Environment (CSERGE), University of East Anglia.

• Foreword David W. Pearce; 1. Introduction; 2. Recreation: valuation methods; 3. Recreation: predicting values; 4. Recreation: predicting visits; 5. Timber valuation; 6. Modelling and mapping timber yield and its value; 7. Modelling and valuing carbon sequestration in trees, timber products and forest soils; 8. Modelling opportunity cost: agricultural output values; 9. Cost benefit analysis using GIS; 10. Conclusions and future directions.

'A fine example here of economic valuation being put to an imaginative and unique use by some of the most exciting practitioners of the art of economic valuation.' David W. Pearce, from the Foreword