IDEAS home Printed from https://ideas.repec.org/a/anr/reseco/v3y2011p337-353.html
   My bibliography  Save this article

Pricing Nature

Author

Listed:
  • Edward B. Barbier

    () (Department of Economics and Finance, College of Business, University of Wyoming, Laramie, Wyoming 82071)

Abstract

The growing literature on ecosystem services suggests that these benefits are the direct or indirect contributions that ecosystems make to the well-being of human populations. Although the approach to valuing ecosystem services seems straightforward, in practice there are a number of challenges. The majority of ecosystem services are not marketed, and it is often difficult to determine how changes in ecosystem structure, functions, and processes influence the quantities and qualities of ecosystem service flows to people. Only when these difficulties are overcome is it possible to use existing valuation methods to assess the impact on human well-being that results from a change in ecosystem services. The example of wetland ecosystems and case studies from developing economies, the United States, and Europe are discussed to illustrate these issues involved in pricing nature.

Suggested Citation

  • Edward B. Barbier, 2011. "Pricing Nature," Annual Review of Resource Economics, Annual Reviews, vol. 3(1), pages 337-353, October.
  • Handle: RePEc:anr:reseco:v:3:y:2011:p:337-353
    as

    Download full text from publisher

    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-083110-120115
    Download Restriction: Full text downloads are only available to subscribers. Visit the abstract page for more information.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. A. Ruijs & M. Kortelainen & A. Wossink & C.J.E. Schulp & R. Alkemade & Paul Madden, 2012. "Opportunity cost estimation of ecosystem services," The School of Economics Discussion Paper Series 1222, Economics, The University of Manchester.
    2. Min Gong & Geoffrey Heal, 2014. "Why do People Care about Sea Lions? A Fishing Game to Study the Value of Endangered Species," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(4), pages 503-523, December.
    3. Kirui, Oliver K. & Mirzabaev, Alisher, 2016. "Cost of land degradation and improvement in Eastern Africa," 2016 Fifth International Conference, September 23-26, 2016, Addis Ababa, Ethiopia 249321, African Association of Agricultural Economists (AAAE).

    More about this item

    Keywords

    ecological function; ecosystem services; nonmarket value; valuation; wetlands;

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

    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:anr:reseco:v:3:y:2011:p:337-353. 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: (http://www.annualreviews.org). General contact details of provider: http://www.annualreviews.org .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.