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Valuing Ecosystem Services


  • Barbier Edward B
  • Heal Geoffrey M


Edward Barbier and Geoffrey Heal explain an emerging field aimed at valuing ecosystems, whose purpose is to help policy makers decide things like how best to get New York clean water or the role that expanded wetlands might play in limiting storm damage in New Orleans.

Suggested Citation

  • Barbier Edward B & Heal Geoffrey M, 2006. "Valuing Ecosystem Services," The Economists' Voice, De Gruyter, vol. 3(3), pages 1-6, February.
  • Handle: RePEc:bpj:evoice:v:3:y:2006:i:3:n:2

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    References listed on IDEAS

    1. Mehra, Rajnish & Prescott, Edward C., 1985. "The equity premium: A puzzle," Journal of Monetary Economics, Elsevier, vol. 15(2), pages 145-161, March.
    2. Simon Grant & John Quiggin, 2003. "Public Investment and the Risk Premium for Equity," Economica, London School of Economics and Political Science, vol. 70(277), pages 1-18, February.
    3. Weil, Philippe, 1992. "Equilibrium asset prices with undiversifiable labor income risk," Journal of Economic Dynamics and Control, Elsevier, vol. 16(3-4), pages 769-790.
    4. Mankiw, N. Gregory, 1986. "The equity premium and the concentration of aggregate shocks," Journal of Financial Economics, Elsevier, vol. 17(1), pages 211-219, September.
    5. Simon Grant & John Quiggin, 2002. "The Risk Premium for Equity: Implications for the Proposed Diversification of the Social Security Fund," American Economic Review, American Economic Association, vol. 92(4), pages 1104-1115, September.
    6. Stiglitz, J.E., 1989. "Using Tax Policy To Curb Speculative Short-Term Trading," Papers t2, Columbia - Center for Futures Markets.
    7. Arrow, Kenneth J & Lind, Robert C, 1970. "Uncertainty and the Evaluation of Public Investment Decisions," American Economic Review, American Economic Association, vol. 60(3), pages 364-378, June.
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    Cited by:

    1. Finnoff, David & Tschirhart, John, 2008. "Linking dynamic economic and ecological general equilibrium models," Resource and Energy Economics, Elsevier, vol. 30(2), pages 91-114, May.
    2. Baker, Rick & Ruting, Brad, 2014. "Environmental Policy Analysis: A Guide to Non‑Market Valuation," 2014 Conference (58th), February 4-7, 2014, Port Maquarie, Australia 165810, Australian Agricultural and Resource Economics Society.
    3. R. Simpson, 2007. "David Pearce and the economic valuation of biodiversity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(1), pages 91-109, May.
    4. Andrea Ghermandi & J.C.J.M. van den Bergh & L.M. Brander & H.L.F. de Groot & P.A.L.D. Nunes, 2008. "The Economic Value of Wetland Conservation and Creation: A Meta-Analysis," Working Papers 2008.79, Fondazione Eni Enrico Mattei.
    5. Ali DOUAI (GREThA), 2007. "Wealth, Well-being and Value(s): A Proposition of Structuring Concepts for a (real) Transdisciplinary Dialogue within Ecological Economics," Cahiers du GREThA 2007-18, Groupe de Recherche en Economie Théorique et Appliquée.
    6. Stenger, Anne & Harou, Patrice & Navrud, Ståle, 2009. "Valuing environmental goods and services derived from the forests," Journal of Forest Economics, Elsevier, vol. 15(1-2), pages 1-14, January.
    7. Engelbrecht, Hans-Jürgen, 2009. "Natural capital, subjective well-being, and the new welfare economics of sustainability: Some evidence from cross-country regressions," Ecological Economics, Elsevier, vol. 69(2), pages 380-388, December.
    8. Geoffrey Heal, 2008. "Climate Economics: A Meta-Review and Some Suggestions," NBER Working Papers 13927, National Bureau of Economic Research, Inc.
    9. Bhatta, Arun & Bigsby, Hugh R. & Cullen, Ross, 2011. "Alternative to Comprehensive Ecosystem Services Markets: The Contribution of Forest-Related Programs in New Zealand," 2011 Conference, August 25-26, 2011, Nelson, New Zealand 115350, New Zealand Agricultural and Resource Economics Society.
    10. Luke Brander & Andrea Ghermandi & Onno Kuik & Anil Markandya & Paulo A.L.D. Nunes & Marije Schaafsma & Alfred Wagtendonk, 2010. "Scaling up Ecosystem Services Values: Methodology, Applicability and a Case Study," Working Papers 2010.41, Fondazione Eni Enrico Mattei.
    11. Harvey, David R. & Jambor, Attila, 2011. "What role for public goods in the future of CAP?," 85th Annual Conference, April 18-20, 2011, Warwick University, Coventry, UK 108957, Agricultural Economics Society.
    12. Sandra Notaro & Alessandro Paletto, 2008. "Natural disturbances and natural hazards in mountain forests: a framework for the economic valuation," Department of Economics Working Papers 0808, Department of Economics, University of Trento, Italia.
    13. Mesa-Jurado, Maria A. & Piston, Juan Maximo & Giannoccaro, Giacomo & Berbel, Julio, 2008. "Irrigation Water Value Scenarios for 2015: Application to Guadalquivir River," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6450, European Association of Agricultural Economists.
    14. Geoffrey Heal & Howard Kunreuther, 2010. "Environment and Energy: Catastrophic Liabilities from Nuclear Power Plants," NBER Chapters,in: Measuring and Managing Federal Financial Risk, pages 235-257 National Bureau of Economic Research, Inc.

    More about this item

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General


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