Valuing Changes in Forest Biodiversity
AbstractThe paper offers an innovative approach to valuation of biodiversity. Instead of the prevailing approach of using only one indicator of biodiversity (usually number of species) we provide evidence that it is possible to provide attributes describing complex characteristics of biodiversity based on sound ecological knowledge. We argue that our approach managed to value the multi-level changes in the biological diversity, by using the attributes which described structural, species and functional diversity at the same time. Our study shows that even complex indicators of multi-level biodiversity might be successfully communicated to respondents in a comprehensible and meaningful way. The empirical application of the method is provided based on a choice experiment study conducted in Białowieża Forest, Poland. The results underline the importance of using multi-level indicators and question the validity of only species-level indicators. Interestingly, the respondents appreciated passive protection regimes, resulting in preservation of natural ecological processes. In addition, the respondents seemed to be concerned about means, and not only about the results of protection programmes. Finally, some conclusions for future applications and policy making are drawn.
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Bibliographic InfoPaper provided by Faculty of Economic Sciences, University of Warsaw in its series Working Papers with number 2008-02.
Length: 29 pages
Date of creation: Jul 2008
Date of revision:
Publication status: Published in Stirling Economics Discussion Papers, no. 2008-17
biodiversity; forests; valuation; choice experiment;
Other versions of this item:
- Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
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