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Deliberative valuation without prices: A multiattribute prioritization for watershed ecosystem management

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  • Randhir, Timothy
  • Shriver, Deborah M.
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    Abstract

    Watershed ecosystems are characterized by multiple attributes which are difficult to collapse into single money-metric. Attribute ranking without prices and group deliberation can be used to process information about these complex systems. We develop this approach and use it with a stakeholder group to classify attributes in subwatersheds for restoration. We examine the relationship between individual valuation and valuation arrived from deliberation and information exchange by the group. While group consensus values tended toward an average of individual responses, significant differences existed between mean values and consensus values for some attributes, emphasizing the role of ecosystem attribute information and deliberation.

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    File URL: http://www.sciencedirect.com/science/article/B6VDY-4WXR08T-2/2/68ef9e30d93156da23585025bcf84249
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    Bibliographic Info

    Article provided by Elsevier in its journal Ecological Economics.

    Volume (Year): 68 (2009)
    Issue (Month): 12 (October)
    Pages: 3042-3051

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    Handle: RePEc:eee:ecolec:v:68:y:2009:i:12:p:3042-3051

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    Web page: http://www.elsevier.com/locate/ecolecon

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    1. Mariotti, Marco, 1999. "Fair Bargains: Distributive Justice and Nash Bargaining Theory," Review of Economic Studies, Wiley Blackwell, vol. 66(3), pages 733-41, July.
    2. Sagoff, M., 1998. "Aggregation and deliberation in valuing environmental public goods:: A look beyond contingent pricing," Ecological Economics, Elsevier, vol. 24(2-3), pages 213-230, February.
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    5. Richard B. Howarth & Matthew A. Wilson, 2006. "A Theoretical Approach to Deliberative Valuation: Aggregation by Mutual Consent," Land Economics, University of Wisconsin Press, vol. 82(1), pages 1-16.
    6. Martinez-Alier, Joan & Munda, Giuseppe & O'Neill, John, 1998. "Weak comparability of values as a foundation for ecological economics," Ecological Economics, Elsevier, vol. 26(3), pages 277-286, September.
    7. Cookson, Richard, 2000. "Incorporating psycho-social considerations into health valuation: an experimental study," Journal of Health Economics, Elsevier, vol. 19(3), pages 369-401, May.
    8. Soma, Katrine, 2003. "How to involve stakeholders in fisheries management--a country case study in Trinidad and Tobago," Marine Policy, Elsevier, vol. 27(1), pages 47-58, January.
    9. Thomas C. Beierle & David M. Konisky, 2000. "Values, conflict, and trust in participatory environmental planning," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 19(4), pages 587-602.
    10. Saaty, Thomas L., 1994. "Highlights and critical points in the theory and application of the Analytic Hierarchy Process," European Journal of Operational Research, Elsevier, vol. 74(3), pages 426-447, May.
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    Cited by:
    1. Yaella Depietri & Lorenzo Guadagno & Margaretha Breil, 2013. "Urban Watershed Services For Improved Ecosystem Management and Risk Reduction, Assessment Methods and Policy Instruments: State of the Art," Working Papers 2013.101, Fondazione Eni Enrico Mattei.
    2. Pelletier, Nathan, 2010. "Environmental sustainability as the first principle of distributive justice: Towards an ecological communitarian normative foundation for ecological economics," Ecological Economics, Elsevier, vol. 69(10), pages 1887-1894, August.

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