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

  • Randhir, Timothy
  • Shriver, Deborah M.
Registered author(s):

    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.

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    File URL: http://www.sciencedirect.com/science/article/B6VDY-4WXR08T-2/2/68ef9e30d93156da23585025bcf84249
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    Article provided by Elsevier in its journal Ecological Economics.

    Volume (Year): 68 (2009)
    Issue (Month): 12 (October)
    Pages: 3042-3051

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    Handle: RePEc:eee:ecolec:v:68:y:2009:i:12:p:3042-3051
    Contact details of provider: Web page: http://www.elsevier.com/locate/ecolecon

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    1. Sagoff, M., 1998. "Aggregation and deliberation in valuing environmental public goods:: A look beyond contingent pricing," Ecological Economics, Elsevier, vol. 24(2-3), pages 213-230, February.
    2. Marco Mariotti, 1998. "Fair Bargains: Distributive Justice and Nash Bargaining Theory," Royal Holloway, University of London: Discussion Papers in Economics 98/16, Department of Economics, Royal Holloway University of London, revised Feb 1998.
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    5. Soma, Katrine, 2003. "How to involve stakeholders in fisheries management--a country case study in Trinidad and Tobago," Marine Policy, Elsevier, vol. 27(1), pages 47-58, January.
    6. Kang, Sang Mok, 2002. "A sensitivity analysis of the Korean composite environmental index," Ecological Economics, Elsevier, vol. 43(2-3), pages 159-174, December.
    7. Richard B. Howarth & Matthew A. Wilson, 2006. "A Theoretical Approach to Deliberative Valuation: Aggregation by Mutual Consent," Land Economics, University of Wisconsin Press, vol. 82(1), pages 1-16.
    8. Duke, Joshua M. & Aull-Hyde, Rhonda, 2002. "Identifying public preferences for land preservation using the analytic hierarchy process," Ecological Economics, Elsevier, vol. 42(1-2), pages 131-145, August.
    9. Vatn Arild & Bromley Daniel W., 1994. "Choices without Prices without Apologies," Journal of Environmental Economics and Management, Elsevier, vol. 26(2), pages 129-148, March.
    10. Martinez-Alier, Joan & Munda, Giuseppe & O'Neill, John, 1998. "Weak comparability of values as a foundation for ecological economics," Ecological Economics, Elsevier, vol. 26(3), pages 277-286, September.
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