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Valuation of the Environmental Impact of Wetland Flood Protection and Drainage Schemes

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  • R K Turner
  • D Dent
  • R D Hey

Abstract

Large areas of the remaining wetlands in the United Kingdom are faced with virtual extinction because of the pressures engendered by high productivity farming practices, reinforced by subsidised land drainage and flood protection schemes as well as by price supports for agricultural produce in the European Economic Community. Unique environmental resources are being put at risk by changing farming methods and in particular by arable conversion schemes. A case study, the Yare Barrier Proposal in Norfolk, is used to analyse and evaluate the environmental impacts of drainage and flood protection schemes on the surrounding wetland ecosystems. An opportunity cost model is used to estimate the costs and benefits involved in this policy decision on preservation versus development. We conclude that the case for the agricultural development of the wetlands made on the grounds of economic efficiency is not a strong one.

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  • R K Turner & D Dent & R D Hey, 1983. "Valuation of the Environmental Impact of Wetland Flood Protection and Drainage Schemes," Environment and Planning A, , vol. 15(7), pages 871-888, July.
    • Handle: RePEc:sae:envira:v:15:y:1983:i:7:p:871-888
    DOI: 10.1068/a150871
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    References listed on IDEAS

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    1. Douglas A. Greenley & Richard G. Walsh & Robert A. Young, 1981. "Option Value: Empirical Evidence from a Case Study of Recreation and Water Quality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 96(4), pages 657-673.
    2. Schmalensee, Richard, 1972. "Option Demand and Consumer's Surplus: Valuing Price Changes under Uncertainty," American Economic Review, American Economic Association, vol. 62(5), pages 813-824, December.
    3. Porter, Richard C., 1982. "The new approach to wilderness preservation through benefit-cost analysis," Journal of Environmental Economics and Management, Elsevier, vol. 9(1), pages 59-80, March.
    4. Bishop, Richard C. & Heberlein, Thomas A., 1979. "Measuring Values Of Extramarket Goods: Are Indirect Measures Biased?," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 277818, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    1. Turner, R. Kerry & Paavola, Jouni & Cooper, Philip & Farber, Stephen & Jessamy, Valma & Georgiou, Stavros, 2003. "Valuing nature: lessons learned and future research directions," Ecological Economics, Elsevier, vol. 46(3), pages 493-510, October.
    2. Turner, R. Kerry & van den Bergh, Jeroen C. J. M. & Soderqvist, Tore & Barendregt, Aat & van der Straaten, Jan & Maltby, Edward & van Ierland, Ekko C., 2000. "Ecological-economic analysis of wetlands: scientific integration for management and policy," Ecological Economics, Elsevier, vol. 35(1), pages 7-23, October.
    3. R.K. Turner & J.C.J.M. van den Bergh & A. Barendregt & E. Maltby, 1998. "Ecological-Economic Analysis of Wetlands," Tinbergen Institute Discussion Papers 98-050/3, Tinbergen Institute.

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