Ecosystem service value assessment for constructed wetlands: A case study in Hangzhou, China
Based on a comprehensive analysis of various classifications of natural resource values, we summarized an ecological economic value system of constructed wetland (CW) ecosystems for treating eutrophic water. Using the CW located at the Hangzhou Botanical Garden as an example, the contingent valuation method (CVM) and shadow project approach (SPA) were applied to estimate the economic values of CW system ecosystem services. The CVM estimated a value of 800,000Â yuan (yuan: Chinese Currency, 7.6Â yuanÂ =Â 1Â USD as of August, 2007) as the total economic value of the CW in a twenty year period. Meanwhile, the SPA calculated a value of 23.04Â million yuan as the total economic value of the CW in a twenty year period. It is determined that compared to the CVM, the SPA provides a more approximate value of the true monetary value of the Hangzhou Botanical Garden CW. This study could fill the gap of knowledge and provide a benchmark when evaluating constructed ecosystem services and help policy makers to promote the development of constructed wetlands in China.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Horowitz, John K. & McConnell, K. E., 2003. "Willingness to accept, willingness to pay and the income effect," Journal of Economic Behavior & Organization, Elsevier, vol. 51(4), pages 537-545, August.
- Winkler, Ralph, 2006. "Valuation of ecosystem goods and services: Part 1: An integrated dynamic approach," Ecological Economics, Elsevier, vol. 59(1), pages 82-93, August.
- Langford, Ian H. & Bateman, Ian J., 1996.
"Elicitation and truncation effects in contingent valuation studies,"
Elsevier, vol. 19(3), pages 265-267, December.
- Bateman, Ian J. & Langford, Ian H. & Turner, R. Kerry & Willis, Ken G. & Garrod, Guy D., 1995. "Elicitation and truncation effects in contingent valuation studies," Ecological Economics, Elsevier, vol. 12(2), pages 161-179, February.
- Casey, James F. & Kahn, James R. & Rivas, Alexandre, 2006. "Willingness to pay for improved water service in Manaus, Amazonas, Brazil," Ecological Economics, Elsevier, vol. 58(2), pages 365-372, June.
- Ahlheim, Michael, 1998. "Contingent valuation and the budget constraint," Ecological Economics, Elsevier, vol. 27(2), pages 205-211, November.
- Donald Green & Karen Jacowitz & Daniel Kahneman & Daniel McFadden, 1995.
"Referendum Contingent Valuation, Anchoring, and Willingness to Pay for Public Goods,"
_010, University of California at Berkeley, Econometrics Laboratory Software Archive.
- Green, Donald & Jacowitz, Karen E. & Kahneman, Daniel & McFadden, Daniel, 1998. "Referendum contingent valuation, anchoring, and willingness to pay for public goods," Resource and Energy Economics, Elsevier, vol. 20(2), pages 85-116, June.
- Boyd, James & Banzhaf, Spencer, 2007. "What are ecosystem services? The need for standardized environmental accounting units," Ecological Economics, Elsevier, vol. 63(2-3), pages 616-626, August.
- Anna Alberini & Paolo Rosato & Alberto Longo & Valentina Zanatta, 2005.
"Information and Willingness to Pay in a Contingent Valuation Study: The Value of S. Erasmo in the Lagoon of Venice,"
Journal of Environmental Planning and Management,
Taylor & Francis Journals, vol. 48(2), pages 155-175.
- Anna Alberini & Paolo Rosato & Alberto Longo & Valentina Zanatta, 2004. "Information and Willingness to Pay in a Contingent Valuation Study: The Value of S. Erasmo in the Lagoon of Venice," Working Papers 2004.19, Fondazione Eni Enrico Mattei.
- Konarska, Keri M. & Sutton, Paul C. & Castellon, Michael, 2002. "Evaluating scale dependence of ecosystem service valuation: a comparison of NOAA-AVHRR and Landsat TM datasets," Ecological Economics, Elsevier, vol. 41(3), pages 491-507, June.
- Farber, Stephen C. & Costanza, Robert & Wilson, Matthew A., 2002. "Economic and ecological concepts for valuing ecosystem services," Ecological Economics, Elsevier, vol. 41(3), pages 375-392, June.
- Costanza, Robert & Fisher, Brendan & Mulder, Kenneth & Liu, Shuang & Christopher, Treg, 2007. "Biodiversity and ecosystem services: A multi-scale empirical study of the relationship between species richness and net primary production," Ecological Economics, Elsevier, vol. 61(2-3), pages 478-491, March.
- Bateman, Ian J. & Day, Brett H. & Georgiou, Stavros & Lake, Iain, 2006. "The aggregation of environmental benefit values: Welfare measures, distance decay and total WTP," Ecological Economics, Elsevier, vol. 60(2), pages 450-460, December.
- Norton, Bryan G. & Noonan, Douglas, 2007. "Ecology and valuation: Big changes needed," Ecological Economics, Elsevier, vol. 63(4), pages 664-675, September.
- W. Michael Hanemann, 1984. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 332-341.
- Carson, Richard T & Flores, Nicholas A, 2000.
"Contingent Valuation: Controversies and Evidence,"
University of California at San Diego, Economics Working Paper Series
qt75k752s7, Department of Economics, UC San Diego.
- Hougner, Cajsa & Colding, Johan & Soderqvist, Tore, 2006. "Economic valuation of a seed dispersal service in the Stockholm National Urban Park, Sweden," Ecological Economics, Elsevier, vol. 59(3), pages 364-374, September.
- Barbier, Edward B., 2000. "Valuing the environment as input: review of applications to mangrove-fishery linkages," Ecological Economics, Elsevier, vol. 35(1), pages 47-61, October.
- Sattout, E.J. & Talhouk, S.N. & Caligari, P.D.S., 2007. "Economic value of cedar relics in Lebanon: An application of contingent valuation method for conservation," Ecological Economics, Elsevier, vol. 61(2-3), pages 315-322, March.
- Brookshire, David S. & Ives, Berry C. & Schulze, William D., 1976. "The valuation of aesthetic preferences," Journal of Environmental Economics and Management, Elsevier, vol. 3(4), pages 325-346, December.
- Winkler, Ralph, 2006. "Valuation of ecosystem goods and services: Part 2: Implications of unpredictable novel change," Ecological Economics, Elsevier, vol. 59(1), pages 94-105, August.
- Bolund, Per & Hunhammar, Sven, 1999. "Ecosystem services in urban areas," Ecological Economics, Elsevier, vol. 29(2), pages 293-301, May.
- Brander, Luke M. & Van Beukering, Pieter & Cesar, Herman S.J., 2007. "The recreational value of coral reefs: A meta-analysis," Ecological Economics, Elsevier, vol. 63(1), pages 209-218, June.
- Turner, R. Kerry & van den Bergh, Jeroen C. J. M. & Soderqvist, Tore & Barendregt, Aat & van der Straaten, Jan & Maltby, Edward & van Ierland, Ekko C., 2000. "Ecological-economic analysis of wetlands: scientific integration for management and policy," Ecological Economics, Elsevier, vol. 35(1), pages 7-23, October.
When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:68:y:2008:i:1-2:p:116-125. 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: (Dana Niculescu)
If references are entirely missing, you can add them using this form.