Valuing Nature

Valuing Nature

Nature conservation work has come a long way in just over a century. In the 19th century, species were grouped into useful and harmful ones. Protection, which was beginning to be enshrined in laws and international treaties, was only extended to the useful species. Nuisances such as lions and bears were unflinchingly earmarked for destruction. Since the foundation of the International Union for...

Valuing Nature: Biophysical or Monetary Measures

Valuing Nature in a General Equilibrium

Valuing nature: The economics of biodiversity

The failure of society to place a value on nature has resulted in the degradation of ecosystems, a consequent reduction in ecosystem services, and has contributed to a significant decline in biodiversity. The lack of comprehensive methodologies for providing economic valuation for biodiversity and ecosystem services, the results of which can be easily communicated to policy and decision-makers,...

Valuing Nature: A Survey of the Non-Market Valuation Literature

The use of geo-spatial differentiation in resource economics has become more widespread in recent years, particularly in the urban and real estate literature. However, previous to use in environmental economics, geo-spatial characteristics were used in international trade and theories of industrial concentration (Krugman, 1998). Geographic Information Systems, or GIS, is a database management s...