IDEAS home Printed from https://ideas.repec.org/a/bla/coecpo/v14y1996i1p92-106.html
   My bibliography  Save this article

Welfare Loss Of Wetlands Disintegration: A Louisiana Study

Author

Listed:
  • STEPHEN FARBER

Abstract

This study estimates the loss in welfare of projected Louisiana coastal wetlands disintegration. Various programs have initiated costly projects to terminate this disintegration process. But can these projects succeed, and will their benefits exceed their costs? This study addresses the benefits issues and estimates reductions in incomes and consumption opportunities and increases in costs that would be avoided if restoration and enhancement projects are successful. Estimated welfare losses that would be avoided do not include non‐user and lifestyle losses, which may be very important, and they do not include the costs of dismantling coastal infrastructure. These exclusions make the estimates of this study minimum estimates of welfare losses. Future economic welfare losses represent a 1990 present value in a range between $5.9 and $24.3 billion, depending upon discount rates and whether low or high loss estimates are used. In order to make these estimates more meaningful, the implied wetlands values were calculated on a per acre basis. These values ranged from $8,437 to $15,763 per acre.

Suggested Citation

  • Stephen Farber, 1996. "Welfare Loss Of Wetlands Disintegration: A Louisiana Study," Contemporary Economic Policy, Western Economic Association International, vol. 14(1), pages 92-106, January.
  • Handle: RePEc:bla:coecpo:v:14:y:1996:i:1:p:92-106
    DOI: 10.1111/j.1465-7287.1996.tb00606.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1465-7287.1996.tb00606.x
    Download Restriction: no

    File URL: https://libkey.io/10.1111/j.1465-7287.1996.tb00606.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Farber, Stephen, 1987. "The value of coastal wetlands for protection of property against hurricane wind damage," Journal of Environmental Economics and Management, Elsevier, vol. 14(2), pages 143-151, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Angelos Alamanos & Phoebe Koundouri, 2022. "Economics of Incorporating Ecosystem Services into Water Resource Planning and Management," DEOS Working Papers 2211, Athens University of Economics and Business.
    2. Margarita Ignatyeva & Vera Yurak & Alexey Dushin, 2022. "Valuating Natural Resources and Ecosystem Services: Systematic Review of Methods in Use," Sustainability, MDPI, vol. 14(3), pages 1-17, February.
    3. Gutrich, John J. & Hitzhusen, Fred J., 2004. "Assessing the substitutability of mitigation wetlands for natural sites: estimating restoration lag costs of wetland mitigation," Ecological Economics, Elsevier, vol. 48(4), pages 409-424, April.
    4. Rao, Nalini S. & Ghermandi, Andrea & Portela, Rosimeiry & Wang, Xuanwen, 2015. "Global values of coastal ecosystem services: A spatial economic analysis of shoreline protection values," Ecosystem Services, Elsevier, vol. 11(C), pages 95-105.
    5. Aaron De Laporte & Alfons Weersink & Wanhong Yang, 2010. "Ecological Goals and Wetland Preservation Choice," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 58(1), pages 131-150, March.
    6. Craig A. Bond, 2017. "Valuing Coastal Natural Capital in a Bioeconomic Framework," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-26, April.
    7. Daniel R. Petrolia & Matthew G. Interis & Joonghyun Hwang, 2014. "America's Wetland? A National Survey of Willingness to Pay for Restoration of Louisiana's Coastal Wetlands," Marine Resource Economics, University of Chicago Press, vol. 29(1), pages 17-37.
    8. Kaplowitz, Michael D. & Hoehn, John P., 2001. "Do focus groups and individual interviews reveal the same information for natural resource valuation?," Ecological Economics, Elsevier, vol. 36(2), pages 237-247, February.
    9. Edward B. Barbier, 2016. "The Protective Value of Estuarine and Coastal Ecosystem Services in a Wealth Accounting Framework," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(1), pages 37-58, May.
    10. Heimlich, Ralph E. & Wiebe, Keith D. & Claassen, Roger & Gadsby, Dwight M. & House, Robert M., 1998. "Wetlands and Agriculture: Private Interests and Public Benefits," Agricultural Economic Reports 34043, United States Department of Agriculture, Economic Research Service.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Edward B. Barbier, 2016. "The Protective Value of Estuarine and Coastal Ecosystem Services in a Wealth Accounting Framework," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(1), pages 37-58, May.
    2. Edward B. Barbier & Angela Cindy Emefa Mensah & Michelan Wilson, 2023. "Valuing the Environment as Input, Ecosystem Services and Developing Countries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(3), pages 677-694, March.
    3. Saudamini Das, "undated". "Can Mangroves Minimize Property Loss during Big Storms? An Analysis of House Damage due to the Super Cyclone in Orissa," Working papers 42, The South Asian Network for Development and Environmental Economics.
    4. Rao, Nalini S. & Ghermandi, Andrea & Portela, Rosimeiry & Wang, Xuanwen, 2015. "Global values of coastal ecosystem services: A spatial economic analysis of shoreline protection values," Ecosystem Services, Elsevier, vol. 11(C), pages 95-105.
    5. Koen Koning & Tatiana Filatova & Okmyung Bin, 2018. "Improved Methods for Predicting Property Prices in Hazard Prone Dynamic Markets," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(2), pages 247-263, February.
    6. Dietrich Earnhart, 2001. "Combining Revealed and Stated Preference Methods to Value Environmental Amenities at Residential Locations," Land Economics, University of Wisconsin Press, vol. 77(1), pages 12-29.
    7. Bhattacharyya, Aditi & Kutlu, Levent & Sickles, Robin C., 2018. "Pricing Inputs and Outputs: Market prices versus shadow prices, market power, and welfare analysis," Working Papers 18-009, Rice University, Department of Economics.
    8. Hong Wang & Min Xu & Anselem Onyejuruwa & Yanjun Wang & Shanshan Wen & Andrew E. Gao & Yubin Li, 2019. "Tropical cyclone damages in Mainland China over 2005–2016: losses analysis and implications," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 21(6), pages 3077-3092, December.
    9. Gopalakrishnan, Sathya & McNamara, Dylan & Smith, Martin D. & Murray, A. Brad, 2012. "The Effect Of Stochastic Storms On Optimal Beach Management," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 271515, Agricultural and Applied Economics Association.
    10. E. Slobbe & H. Vriend & S. Aarninkhof & K. Lulofs & M. Vries & P. Dircke, 2013. "Building with Nature: in search of resilient storm surge protection strategies," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 66(3), pages 1461-1480, April.
    11. Edward B. Barbier, 2013. "Valuing Ecosystem Services for Coastal Wetland Protection and Restoration: Progress and Challenges," Resources, MDPI, vol. 2(3), pages 1-18, August.
    12. Daniel R. Petrolia & Matthew G. Interis & Joonghyun Hwang, 2014. "America's Wetland? A National Survey of Willingness to Pay for Restoration of Louisiana's Coastal Wetlands," Marine Resource Economics, University of Chicago Press, vol. 29(1), pages 17-37.
    13. Naveen Adusumilli, 2015. "Valuation of Ecosystem Services from Wetlands Mitigation in the United States," Land, MDPI, vol. 4(1), pages 1-15, March.
    14. Ing-Marie Gren & Carl Folke & Kerry Turner & Ian Batemen, 1994. "Primary and secondary values of wetland ecosystems," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(1), pages 55-74, February.
    15. Boutwell, Luke & Westra, John, 2015. "The Economic Value of Wetlands as Storm Buffers," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196854, Southern Agricultural Economics Association.
    16. Octavio Pérez-Maqueo & M. Luisa Martínez & Flor C. Sánchez-Barradas & Melanie Kolb, 2018. "Assessing Nature-Based Coastal Protection against Disasters Derived from Extreme Hydrometeorological Events in Mexico," Sustainability, MDPI, vol. 10(5), pages 1-17, April.
    17. Dosi, Cesare, 2001. "Environmental value, valuation methods, and natural disaster damage assessment," Medio Ambiente y Desarrollo 5722, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    18. Hansen, LeRoy & Hellerstein, Daniel & Ribaudo, Marc & Williamson, James & Nulph, David & Loesch, Charles & Crumpton, William, 2015. "Targeting Investments To Cost Effectively Restore and Protect Wetland Ecosystems: Some Economic Insights," Economic Research Report 199283, United States Department of Agriculture, Economic Research Service.
    19. E. Slobbe & H. Vriend & S. Aarninkhof & K. Lulofs & M. Vries & P. Dircke, 2013. "Building with Nature: in search of resilient storm surge protection strategies," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 65(1), pages 947-966, January.
    20. Heimlich, Ralph E. & Wiebe, Keith D. & Claassen, Roger & Gadsby, Dwight M. & House, Robert M., 1998. "Wetlands and Agriculture: Private Interests and Public Benefits," Agricultural Economic Reports 34043, United States Department of Agriculture, Economic Research Service.

    More about this item

    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:bla:coecpo:v:14:y:1996:i:1:p:92-106. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/weaaaea.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.