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Estimating the value of ecosystem services in a mixed-use watershed: A choice experiment approach

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  • Chaikaew, Pasicha
  • Hodges, Alan W.
  • Grunwald, Sabine

Abstract

The protection of water, land, and air resources has profound implications for the sustainability of ecosystem services provided to societies that are embedded within economies, global systems, and socio-cultural and political contexts. This study assessed preferences for provisioning, regulating, and supporting ecosystem services, specifically, climate regulation (carbon sequestration), nutrient control (water quality), and agricultural and forest productivity, and the willingness to pay for protection of these ecosystem services by residents in the Suwannee River Basin of Florida, as assessed through a household mail survey and choice experiment. A conditional logit model was used to evaluate preferences and marginal willingness to pay (MWTP) under different scenarios. Survey respondents identified nutrient control (water quality) as the most important service, while agricultural and forestry production was somewhat important, and climate regulation/carbon sequestration was the least important. Respondents expressed the highest level of trust in local government agencies to implement ecosystem service protection programs, and welcomed the implementation of such programs anywhere in the basin, but not close to their home. The average MWTP was extremely low (<$2/household/year) when compared to other studies, and suggests that respondents have many competing interests for their discretionary spending in relation to environmental amenities.

Suggested Citation

  • Chaikaew, Pasicha & Hodges, Alan W. & Grunwald, Sabine, 2017. "Estimating the value of ecosystem services in a mixed-use watershed: A choice experiment approach," Ecosystem Services, Elsevier, vol. 23(C), pages 228-237.
  • Handle: RePEc:eee:ecoser:v:23:y:2017:i:c:p:228-237
    DOI: 10.1016/j.ecoser.2016.12.015
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    References listed on IDEAS

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    Cited by:

    1. Zilio, Mariana I. & Alfonso, M. Belén & Ferrelli, Federico & Perillo, Gerardo M.E. & Piccolo, M. Cintia, 2017. "Ecosystem services provision, tourism and climate variability in shallow lakes: The case of La Salada, Buenos Aires, Argentina," Tourism Management, Elsevier, vol. 62(C), pages 208-217.
    2. Riccardo Scarpa & Cristiano Franceschinis & Mara Thiene, 2017. "A Monte Carlo Evaluation of the Logit-Mixed Logit under Asymmetry and Multimodality," Working Papers in Economics 17/23, University of Waikato.
    3. Costanza, Robert & de Groot, Rudolf & Braat, Leon & Kubiszewski, Ida & Fioramonti, Lorenzo & Sutton, Paul & Farber, Steve & Grasso, Monica, 2017. "Twenty years of ecosystem services: How far have we come and how far do we still need to go?," Ecosystem Services, Elsevier, vol. 28(PA), pages 1-16.
    4. Demel, Simona & Longo, Alberto & Mariel, Petr, 2020. "Trading off visual disamenity for renewable energy: Willingness to pay for seaweed farming for energy production," Ecological Economics, Elsevier, vol. 173(C).
    5. Wakita, Kazumi & Kurokura, Hisashi & Oishi, Taro & Shen, Zhonghua & Furuya, Ken, 2019. "Exploring the effect of psychometric variables on willingness to pay for marine ecosystem services: A survey in Japan," Ecosystem Services, Elsevier, vol. 35(C), pages 130-138.
    6. Alejandra R. Enríquez & Angel Bujosa Bestard, 2020. "Measuring the economic impact of climate-induced environmental changes on sun-and-beach tourism," Climatic Change, Springer, vol. 160(2), pages 203-217, May.
    7. Nekane Castillo-Eguskitza & David Hoyos & Miren Onaindia & Mikolaj Czajkowski, 2019. "Unraveling local preferences and willingness to pay for different management scenarios: A choice experiment to Biosphere Reserve management," Working Papers 2019-05, Faculty of Economic Sciences, University of Warsaw.
    8. Nathalie Dumax & Anne Rozan & Bénédicte Rulleau, 2020. "“Adapted” Habitat Evaluation Procedure and Choice Experiment: Substitutes or Complements?," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(02), pages 1-30, April.

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