IDEAS home Printed from https://ideas.repec.org/p/ags/eaae11/114362.html
   My bibliography  Save this paper

Framing the Valuation of Ecosystem Services: A Theoretical Discussion of the Challenges and Opportunities Associated with Articulating Values that Reflect the Economic Contributions of Ecological Phenomena

Author

Listed:
  • Farrell, Katharine N.

Abstract

This paper presents a theoretical discussion concerning possibilities for designing environmental value articulation procedures that respect the basic non-economic character of ecological phenomena. The question of how to estimate the economic value of ecosystem services contributions is a particularly important issue for agricultural economics because of the dependence of agricultural production on the life cycles and biological viability of ecosystems (sic Georgescu-Roegen, 1966). Distinguishing between two basic types of ecosystem services values – demand vs supply based – this paper aims to describe a theoretical context within which it may be possible to develop recommendations regarding procedures and associated institutional structures that can support the expression of economically relevant measures of the economic worth of a given ecological phenomena that are also ecologically sound. Finally it is proposed that there are strong synergies between the problem structure of this issue and the theoretical contributions of Herbert Simon, concerning bounded rationality and further work on the details of these links is recommended.

Suggested Citation

  • Farrell, Katharine N., 2011. "Framing the Valuation of Ecosystem Services: A Theoretical Discussion of the Challenges and Opportunities Associated with Articulating Values that Reflect the Economic Contributions of Ecological Phen," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114362, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae11:114362
    DOI: 10.22004/ag.econ.114362
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/114362/files/Farrell_Katharine_625.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.114362?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sneddon, Chris & Howarth, Richard B. & Norgaard, Richard B., 2006. "Sustainable development in a post-Brundtland world," Ecological Economics, Elsevier, vol. 57(2), pages 253-268, May.
    2. O'Hara, Sabine U., 1996. "Discursive ethics in ecosystems valuation and environmental policy," Ecological Economics, Elsevier, vol. 16(2), pages 95-107, February.
    3. Munda, Giuseppe, 1996. "Cost-benefit analysis in integrated environmental assessment: some methodological issues," Ecological Economics, Elsevier, vol. 19(2), pages 157-168, November.
    4. Giuseppe Munda, 2003. "Social Multi-Criteria Evaluation (SMCE)," UHE Working papers 2003_04, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
    5. Norgaard, Richard B., 1989. "The case for methodological pluralism," Ecological Economics, Elsevier, vol. 1(1), pages 37-57, February.
    6. Costanza, Robert, 1989. "What is ecological economics?," Ecological Economics, Elsevier, vol. 1(1), pages 1-7, February.
    7. Vatn Arild & Bromley Daniel W., 1994. "Choices without Prices without Apologies," Journal of Environmental Economics and Management, Elsevier, vol. 26(2), pages 129-148, March.
    8. 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.
    9. Wilson, Matthew A. & Howarth, Richard B., 2002. "Discourse-based valuation of ecosystem services: establishing fair outcomes through group deliberation," Ecological Economics, Elsevier, vol. 41(3), pages 431-443, June.
    10. Mayumi, Kozo & Giampietro, Mario, 2006. "The epistemological challenge of self-modifying systems: Governance and sustainability in the post-normal science era," Ecological Economics, Elsevier, vol. 57(3), pages 382-399, May.
    11. Shi, Tian, 2004. "Ecological economics as a policy science: rhetoric or commitment towards an improved decision-making process on sustainability," Ecological Economics, Elsevier, vol. 48(1), pages 23-36, January.
    12. 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.
    13. Hukkinen, Janne, 2001. "Eco-efficiency as abandonment of nature," Ecological Economics, Elsevier, vol. 38(3), pages 311-315, September.
    14. Funtowicz, Silvio O. & Ravetz, Jerome R., 1994. "The worth of a songbird: ecological economics as a post-normal science," Ecological Economics, Elsevier, vol. 10(3), pages 197-207, August.
    15. Nuno Videira & Paula Antunes & Rui Santos & Sofia Gamito, 2003. "Participatory Modelling in Environmental Decision-Making: The Ria Formosa Natural Park Case Study," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 5(03), pages 421-447.
    16. Norgaard, Richard B., 2004. "Learning and knowing collectively," Ecological Economics, Elsevier, vol. 49(2), pages 231-241, June.
    17. De Marchi, B. & Funtowicz, S. O. & Lo Cascio, S. & Munda, G., 2000. "Combining participative and institutional approaches with multicriteria evaluation. An empirical study for water issues in Troina, Sicily," Ecological Economics, Elsevier, vol. 34(2), pages 267-282, August.
    18. Joan Martínez-Alier, 2002. "The Environmentalism of the Poor," Books, Edward Elgar Publishing, number 2636.
    19. Arild Vatn, 2005. "Institutions and the Environment," Books, Edward Elgar Publishing, number 2826.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Del Corso, Jean-Pierre & Kephaliacos, Charilaos & Plumecocq, Gaël, 2015. "Legitimizing farmers' new knowledge, learning and practices through communicative action: Application of an agro-environmental policy," Ecological Economics, Elsevier, vol. 117(C), pages 86-96.
    2. Gowdy, John M. & Ferreri Carbonell, Ada, 1999. "Toward consilience between biology and economics: the contribution of Ecological Economics," Ecological Economics, Elsevier, vol. 29(3), pages 337-348, June.
    3. Lo, Alex Y. & Spash, Clive L., 2011. "Articulation of Plural Values in Deliberative Monetary Valuation: Beyond Preference Economisation and Moralisation," MPRA Paper 30002, University Library of Munich, Germany.
    4. Michael B. Wironen & Robert V. Bartlett & Jon D. Erickson, 2019. "Deliberation and the Promise of a Deeply Democratic Sustainability Transition," Sustainability, MDPI, vol. 11(4), pages 1-18, February.
    5. Swedeen, Paula, 2006. "Post-normal science in practice: A Q study of the potential for sustainable forestry in Washington State, USA," Ecological Economics, Elsevier, vol. 57(2), pages 190-208, May.
    6. Christos Zografos & Richard B. Howarth, 2010. "Deliberative Ecological Economics for Sustainability Governance," Sustainability, MDPI, vol. 2(11), pages 1-19, October.
    7. Spash, Clive L., 2013. "The shallow or the deep ecological economics movement?," Ecological Economics, Elsevier, vol. 93(C), pages 351-362.
    8. Farrell, Katharine N. & Silva-Macher, Jose Carlos, 2017. "Exploring Futures for Amazonia's Sierra del Divisor: An Environmental Valuation Triadics Approach to Analyzing Ecological Economic Decision Choices in the Context of Major Shifts in Boundary Condition," Ecological Economics, Elsevier, vol. 141(C), pages 166-179.
    9. Lo, Alex, 2014. "The Problem of Methodological Pluralism in Ecological Economics," MPRA Paper 49543, University Library of Munich, Germany.
    10. Saez, Carmen Almansa & Requena, Javier Calatrava, 2007. "Reconciling sustainability and discounting in Cost-Benefit Analysis: A methodological proposal," Ecological Economics, Elsevier, vol. 60(4), pages 712-725, February.
    11. Plumecocq, Gaël, 2014. "The second generation of ecological economics: How far has the apple fallen from the tree?," Ecological Economics, Elsevier, vol. 107(C), pages 457-468.
    12. Frame, Bob & Brown, Judy, 2008. "Developing post-normal technologies for sustainability," Ecological Economics, Elsevier, vol. 65(2), pages 225-241, April.
    13. Giuseppe Munda, 2003. "Social Multi-Criteria Evaluation (SMCE)," UHE Working papers 2003_04, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
    14. Spash, Clive L., 2007. "Deliberative monetary valuation (DMV): Issues in combining economic and political processes to value environmental change," Ecological Economics, Elsevier, vol. 63(4), pages 690-699, September.
    15. Lundgren, Jakob, 2022. "Unity through disunity: Strengths, values, and tensions in the disciplinary discourse of ecological economics," Ecological Economics, Elsevier, vol. 191(C).
    16. Garmendia, Eneko & Stagl, Sigrid, 2010. "Public participation for sustainability and social learning: Concepts and lessons from three case studies in Europe," Ecological Economics, Elsevier, vol. 69(8), pages 1712-1722, June.
    17. Ansell, Christopher K. & Bartenberger, Martin, 2016. "Varieties of experimentalism," Ecological Economics, Elsevier, vol. 130(C), pages 64-73.
    18. Leslie Carnoye & Rita Lopes, 2015. "Participatory Environmental Valuation: A Comparative Analysis of Four Case Studies," Sustainability, MDPI, vol. 7(8), pages 1-23, July.
    19. Browne, David & O'Regan, Bernadette & Moles, Richard, 2012. "Comparison of energy flow accounting, energy flow metabolism ratio analysis and ecological footprinting as tools for measuring urban sustainability: A case-study of an Irish city-region," Ecological Economics, Elsevier, vol. 83(C), pages 97-107.
    20. 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.

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:eaae11:114362. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/eaaeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.