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Indices of biotic integrity in stated preference valuation of aquatic ecosystem services

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Author Info

  • Johnston, Robert J.
  • Segerson, Kathleen
  • Schultz, Eric T.
  • Besedin, Elena Y.
  • Ramachandran, Mahesh

Abstract

Stated preference surveys often give minimal attention to distinctions between intermediate and final ecosystem services, leading to the potential for welfare estimates that overlook, misrepresent or double count associated values. This paper illustrates potential mechanisms through which multimetric indexes of the type developed in the ecological literature, here an index of biotic integrity, can be used within stated preference survey scenarios to both improve the validity of survey responses and provide otherwise unavailable information on willingness to pay for intermediate and final ecosystem services. We illustrate the approach using a choice experiment application to the restoration of migratory fish in a Rhode Island watershed. Where assumptions of the model hold, results can allow transparent disentanglement and estimation of marginal values for both intermediate and final ecosystem services.

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Bibliographic Info

Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 70 (2011)
Issue (Month): 11 (September)
Pages: 1946-1956

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Handle: RePEc:eee:ecolec:v:70:y:2011:i:11:p:1946-1956

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

Related research

Keywords: Ecosystem services Choice experiment Choice modeling Willingness to pay River restoration Ecological indicators;

References

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Citations

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Cited by:
  1. Kragt, Marit E., 2013. "Evidence-based Research in Environmental Choice Experiments," Working Papers 153335, University of Western Australia, School of Agricultural and Resource Economics.
  2. Daniel R. Petrolia & Matthew G. Interis & Joonghyun Hwang, 2014. "America’s Wetland? A National Survey of Willingness to Pay for Restoration of Louisiana’s Coastal Wetlands," Marine Resource Economics, University of Chicago Press, vol. 29(1), pages 17 - 37.
  3. Minjuan Zhao & Robert Johnston & Eric Schultz, 2013. "What to Value and How? Ecological Indicator Choices in Stated Preference Valuation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 56(1), pages 3-25, September.

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