Valuing Ecosystem Services
نویسنده
چکیده
We develop the economist’s concept of value as opportunity cost and discuss the ways in which decisions imply values through revealed preference. We distinguish between the ideas of incremental and total value and argue that only the former is of importance in practical decision-making. The relationship between price and value is articulated and related to the distinction between public and private goods. Finally, we enumerate the various ways economists use to determine the value of ecosystem services--these include use of prices, methods of revealed preference, voting schemes and contingent valuation. Please do not quote without permission of the author.
منابع مشابه
Measures of attitudes, preferences, and intentions Excerpt from draft SAB Committee report, Valuing the Protection of Ecological Systems and Services: Social-psychological approaches to assessing the value of ecosystems and ecosystem services employ a number of methods
Systems and Services and has been approved by the chartered SAB, All other text was provided by individual committee members and is offered to extend and elaborate the very brief descriptions provided in chapter 4 of the SAB Report, Valuing the Protection of Ecological Systems and Service and to encourage further deliberation within EPA and the broader scientific community about how to meet the...
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