The economic valuation of environmental resources is considered to be an important theoretical tool for decision-making on the allocation of scarce natural resources. However, its practical (political) use is often questioned. Within the paper the usefulness of the widely used contingent valuation method for local tourism strategies is defended. The results from two pilot Czech-German comparative case studies undertaken in the border Euro-region Elbe/Labe are presented and their political relevance explained.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.