Advanced Search
MyIDEAS: Login

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

Contents:

Author Info

  • 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.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://purl.umn.edu/114362
Download Restriction: no

Bibliographic Info

Paper provided by European Association of Agricultural Economists in its series 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland with number 114362.

as in new window
Length:
Date of creation: 2011
Date of revision:
Handle: RePEc:ags:eaae11:114362

Contact details of provider:
Email:
Web page: http://www.eaae.org
More information through EDIRC

Related research

Keywords: Resource /Energy Economics and Policy;

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Norgaard, Richard B., 1989. "The case for methodological pluralism," Ecological Economics, Elsevier, vol. 1(1), pages 37-57, February.
  2. Costanza, Robert, 1989. "What is ecological economics?," Ecological Economics, Elsevier, vol. 1(1), pages 1-7, February.
  3. 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.
  4. 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.
  5. O'Hara, Sabine U., 1996. "Discursive ethics in ecosystems valuation and environmental policy," Ecological Economics, Elsevier, vol. 16(2), pages 95-107, February.
  6. Hukkinen, Janne, 2001. "Eco-efficiency as abandonment of nature," Ecological Economics, Elsevier, vol. 38(3), pages 311-315, September.
  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. 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.
  9. 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.
  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. 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.
  12. Munda, Giuseppe, 1996. "Cost-benefit analysis in integrated environmental assessment: some methodological issues," Ecological Economics, Elsevier, vol. 19(2), pages 157-168, November.
  13. Norgaard, Richard B., 2004. "Learning and knowing collectively," Ecological Economics, Elsevier, vol. 49(2), pages 231-241, June.
  14. 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.
  15. 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.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ags:eaae11:114362. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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