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Deliberative valuation without prices: A multiattribute prioritization for watershed ecosystem management

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  • Randhir, Timothy
  • Shriver, Deborah M.

Abstract

Watershed ecosystems are characterized by multiple attributes which are difficult to collapse into single money-metric. Attribute ranking without prices and group deliberation can be used to process information about these complex systems. We develop this approach and use it with a stakeholder group to classify attributes in subwatersheds for restoration. We examine the relationship between individual valuation and valuation arrived from deliberation and information exchange by the group. While group consensus values tended toward an average of individual responses, significant differences existed between mean values and consensus values for some attributes, emphasizing the role of ecosystem attribute information and deliberation.

Suggested Citation

  • Randhir, Timothy & Shriver, Deborah M., 2009. "Deliberative valuation without prices: A multiattribute prioritization for watershed ecosystem management," Ecological Economics, Elsevier, vol. 68(12), pages 3042-3051, October.
  • Handle: RePEc:eee:ecolec:v:68:y:2009:i:12:p:3042-3051
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    References listed on IDEAS

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    Cited by:

    1. Pelletier, Nathan, 2010. "Environmental sustainability as the first principle of distributive justice: Towards an ecological communitarian normative foundation for ecological economics," Ecological Economics, Elsevier, vol. 69(10), pages 1887-1894, August.
    2. Meinard, Yves & Remy, Alice & Schmid, Bernhard, 2017. "Measuring Impartial Preference for Biodiversity," Ecological Economics, Elsevier, vol. 132(C), pages 45-54.
    3. Yaella Depietri & Lorenzo Guadagno & Margaretha Breil, 2013. "Urban Watershed Services For Improved Ecosystem Management and Risk Reduction, Assessment Methods and Policy Instruments: State of the Art," Working Papers 2013.101, Fondazione Eni Enrico Mattei.

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