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The Use of Ecosystem Services Approach in Guiding Water Valuation and Management: Inland and Coastal Waters

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  • Phoebe Koundouri
  • Osiel Gonzalez Davila

Abstract

In this chapter we develop an interdisciplinary methodology for identifying water-related ecosystem functions into ecosystem services for humans, which are then monetarily evaluated using market and non-market valuation methods. We then apply this methodology to selected case studies on inland and coastal waters and show how these results facilitate the implementation of the EU Water Framework Directive and the EU Marine Strategy Framework Directive.

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File URL: http://wpa.deos.aueb.gr/docs/Use.of.Ecosystem.Services.pdf
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Bibliographic Info

Paper provided by Athens University of Economics and Business in its series DEOS Working Papers with number 1334.

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Handle: RePEc:aue:wpaper:1334

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  1. Phoebe Koundouri, 2004. "Current Issues in the Economics of Groundwater Resource Management," Journal of Economic Surveys, Wiley Blackwell, vol. 18(5), pages 703-740, December.
  2. Birol, Ekin & Koundouri, Phoebe & Kountouris, Yiannis, 2010. "Assessing the economic viability of alternative water resources in water-scarce regions: Combining economic valuation, cost-benefit analysis and discounting," Ecological Economics, Elsevier, vol. 69(4), pages 839-847, February.
  3. Kirchhoff, Stefanie & Colby, Bonnie G. & LaFrance, Jeffrey T., 1997. "Evaluating the Performance of Benefit Transfer: An Empirical Inquiry," Journal of Environmental Economics and Management, Elsevier, vol. 33(1), pages 75-93, May.
  4. Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
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