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Indices of biotic integrity in stated preference valuation of aquatic ecosystem services

  • Johnston, Robert J.
  • Segerson, Kathleen
  • Schultz, Eric T.
  • Besedin, Elena Y.
  • Ramachandran, Mahesh

Stated preference surveys often give minimal attention to distinctions between intermediate and final ecosystem services, leading to the potential for welfare estimates that overlook, misrepresent or double count associated values. This paper illustrates potential mechanisms through which multimetric indexes of the type developed in the ecological literature, here an index of biotic integrity, can be used within stated preference survey scenarios to both improve the validity of survey responses and provide otherwise unavailable information on willingness to pay for intermediate and final ecosystem services. We illustrate the approach using a choice experiment application to the restoration of migratory fish in a Rhode Island watershed. Where assumptions of the model hold, results can allow transparent disentanglement and estimation of marginal values for both intermediate and final ecosystem services.

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Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 70 (2011)
Issue (Month): 11 (September)
Pages: 1946-1956

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Handle: RePEc:eee:ecolec:v:70:y:2011:i:11:p:1946-1956
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolecon

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  16. Daniel McFadden & Kenneth Train, 2000. "Mixed MNL models for discrete response," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(5), pages 447-470.
  17. Limburg, Karin E. & Folke, Carl, 1999. "The ecology of ecosystem services: introduction to the special issue," Ecological Economics, Elsevier, vol. 29(2), pages 179-182, May.
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