Valuing the Unmarketable: An Ecological Approach to the Externalities Estimate in Fishing Activities
In a rapidly changing world, sustainability, if it can be said to exist at all, is concept that has attained mythic status, often pursued and rarely reached. In order to improve our capability to cope with environmental problems, adopting an Ecosystem Approach has been suggested. One of the major challenges in the implementation of this new paradigm relates to control of externalities. The recognition and quantification of externalities is often cast as valuing the unmarketable, and there are several approaches that have been proposed. Here, we analyze the opportunity to “feed” the economic valuation with ecological concepts. From an ecological perspective, the energy required to sustain a biomass unit at a given trophic level (TL) is the same, whatever the species. We build on this central tenet of ecology to assess the value of a TL unit for each trophic position using fish market data. The results obtained were then used to assign a value to each species living in a given habitat, together with consideration of their ecological role within the community. Estimates of both natural capital and functional value were applied to assess the ecological impacts of mechanical clam harvesting versus the multi-species artisanal fishery in the Venice lagoon. Results are discussed in relation to possible contribution to the implementation of a different management strategy.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Costanza, Robert & d'Arge, Ralph & de Groot, Rudolf & Farber, Stephen & Grasso, Monica & Hannon, Bruce & Limburg, Karin & Naeem, Shahid & O'Neill, Robert V. & Paruelo, Jose, 1998. "The value of ecosystem services: putting the issues in perspective," Ecological Economics, Elsevier, vol. 25(1), pages 67-72, April.
- Brito, Daniel, 2005. "The importance of sound biological information and theory for ecological economics studies valuing Brazilian biodiversity: A response to Mendonça et al. (2003)," Ecological Economics, Elsevier, vol. 55(1), pages 5-10, October.
- Nunes, Paulo A. L. D. & van den Bergh, Jeroen C. J. M., 2001. "Economic valuation of biodiversity: sense or nonsense?," Ecological Economics, Elsevier, vol. 39(2), pages 203-222, November.
- 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.
When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:5:y:2013:i:2:p:643-653:d:23441. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (XML Conversion Team)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.