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Economic Analysis for Ecosystem Service Assessments

Environmental & resource economics, 2011-02, Vol.48 (2), p.177-218 [Peer Reviewed Journal]

The Author(s) 2010 ;Springer Science+Business Media B.V. 2011 ;ISSN: 0924-6460 ;EISSN: 1573-1502 ;DOI: 10.1007/s10640-010-9418-x

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Title:
Economic Analysis for Ecosystem Service Assessments
Author: Bateman, Ian J ; Mace, Georgina M ; Fezzi, Carlo ; Atkinson, Giles ; Turner, Kerry
Subjects: Assessments ; Climate change ; Economic analysis ; Economic models ; Economic Policy ; Economic valuation ; Economics ; Economics and Finance ; Economists ; Ecosystem services ; Ecosystems ; Environmental Economics ; Environmental Law/Policy/Ecojustice ; Environmental Management ; Irreversibility ; Policies ; Q01 ; Q10 ; Q20 ; Q30 ; Q51 ; Q56 ; Q57 ; Raw materials ; Restoration ; Service industry ; Spatial analysis ; Spatial and temporal issues ; Stocks and flows ; Studies ; Sustainability ; Sustainable development ; Trends ; UK National Ecosystem Assessment (UK NEA) ; United Kingdom ; Valuation ; Well-being ; Wellbeing
Is Part Of: Environmental & resource economics, 2011-02, Vol.48 (2), p.177-218
Description: The paper seeks to contribute to the expanding literature on ecosystem service assessment by considering its integration with economic analyses of such services. Focussing upon analyses for future orientated policy and decision making, we initially consider a single period during which ecological stocks are maintained at sustainable levels. The flow of ecosystems services and their contribution to welfare bearing goods is considered and methods for valuing resultant benefits are reviewed and illustrated via a case study of land use change. We then broaden our time horizon to discuss the treatment of future costs and benefits. Finally we relax our sustainability assumption and consider economic approaches to the incorporation of depleting ecological assets with a particular focus upon stocks which exhibit thresholds below which restoration is compromised.
Publisher: Dordrecht: Dordrecht : Springer Netherlands
Language: English
Identifier: ISSN: 0924-6460
EISSN: 1573-1502
DOI: 10.1007/s10640-010-9418-x
Source: Alma/SFX Local Collection
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Economic Analysis for Ecosystem Service Assessments

The Author(s) 2010 ;Springer Science+Business Media B.V. 2011 ;ISSN: 0924-6460 ;EISSN: 1573-1502 ;DOI: 10.1007/s10640-010-9418-x

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