Valuing ecosystem resilience
AbstractThe concept of ecosystem resilience is being increasingly discussed as a driver of biodiversity values. It implies that marginal deteriorations in ecosystem conditions can abruptly result in non-marginal and irreversible changes in ecosystem functioning and the economic values that the ecosystem generates. This challenges the traditional approach to the valuation of biodiversity, which has focused on quantifying values attached to individual species or other elements of ecosystems. As yet, little is known about the value society attaches to changes in ecosystem resilience. This paper investigates this value. A discrete choice experiment is used to estimate implicit prices for attributes used to describe ecosystem resilience using the Border Ranges rainforests in Australia as an example. We find evidence that implicit prices for the attributes describing ecosystem resilience are positive and statistically significantly different from zero.
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Bibliographic InfoPaper provided by Australian National University, Environmental Economics Research Hub in its series Research Reports with number 107806.
Date of creation: Apr 2011
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More information through EDIRC
ecosystem resilience; discrete choice experiments; implicit prices; willingness to pay space; Environmental Economics and Policy;
Other versions of this item:
- Gabriela Scheufele & Jeff Bennett, 2011. "Valuing ecosystem resilience," Environmental Economics Research Hub Research Reports 1098, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
- NEP-ALL-2011-07-02 (All new papers)
- NEP-ENV-2011-07-02 (Environmental Economics)
- NEP-RES-2011-07-02 (Resource Economics)
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- Christie, Mike & Hanley, Nick & Warren, John & Murphy, Kevin & Wright, Robert & Hyde, Tony, 2006. "Valuing the diversity of biodiversity," Ecological Economics, Elsevier, vol. 58(2), pages 304-317, June.
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