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Benefit and cost analysis of mariculture based on ecosystem services

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  • Zheng, Wei
  • Shi, Honghua
  • Chen, Shang
  • Zhu, Mingyuan

Abstract

As a life-supporting system, marine ecosystem provides various services for human being. Based on ecosystem services, we developed a Benifit and Cost Analysis model to balance the conflicts between economic income and environmental loss caused by mariculture activities. This model not only calculates market income of mariculture but also monetizes the positive and negative effects of mariculture activities on ecosystem services. In this model, three indices, the NPV (Net Present Value), BCR (Benefit to Cost Ratio) and RC (Relative Coefficent) with consideration of discount rate, are developed to assess and prioritize the candidate mariculture modes. This Benefit and Cost Analysis model was applied to Sanggou Bay, one typical mariculture bay in China, to identify sustainable mariculture mode. In this paper, we find that benefit and cost analysis based on ecosystem services value provides a convenient and effective tool to compare different exploitation modes of marine ecosystem.

Suggested Citation

  • Zheng, Wei & Shi, Honghua & Chen, Shang & Zhu, Mingyuan, 2009. "Benefit and cost analysis of mariculture based on ecosystem services," Ecological Economics, Elsevier, vol. 68(6), pages 1626-1632, April.
    • Handle: RePEc:eee:ecolec:v:68:y:2009:i:6:p:1626-1632
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    References listed on IDEAS

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    1. de Groot, Rudolf S. & Wilson, Matthew A. & Boumans, Roelof M. J., 2002. "A typology for the classification, description and valuation of ecosystem functions, goods and services," Ecological Economics, Elsevier, vol. 41(3), pages 393-408, June.
    2. Alexander, Anne M. & List, John A. & Margolis, Michael & d'Arge, Ralph C., 1998. "A method for valuing global ecosystem services," Ecological Economics, Elsevier, vol. 27(2), pages 161-170, November.
    3. Kreuter, Urs P. & Harris, Heather G. & Matlock, Marty D. & Lacey, Ronald E., 2001. "Change in ecosystem service values in the San Antonio area, Texas," Ecological Economics, Elsevier, vol. 39(3), pages 333-346, December.
    4. 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.
    5. Folke, Carl & Hammer, Monica & Jansson, Ann-Mari, 1991. "Life-support value of ecosystems: a case study of the Baltic Sea Region," Ecological Economics, Elsevier, vol. 3(2), pages 123-137, July.
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