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Bequest Values for Marine Resources: How Important for Indigenous Communities in Less-Developed Economies?

  • Tanya O’Garra


Communities owning and living on ancestral land tend to have a strong sense of stewardship over the land and its resources, which may translate into an economic value to present generations of being able to pass on ancestral lands to future generations (i.e. bequest value). This study estimates bequest values to local users of a traditional fishing ground on the Coral Coast of Fiji, using a contingent valuation approach. Using monetary as well as time-based contributions, bequest values are estimated at between FJ$1.25–1.41 (US$0.64–0.73) per individual per week, or FJ$183.90 (US$106.91) per household per year. This represents a significant proportion of stated average household expenditure, comparable to spending on durable household goods, and clothes and footwear. These results suggest that low-income groups may have significant bequest values, which should be accounted for in developing-economy valuation studies.

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Article provided by Springer & European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 44 (2009)
Issue (Month): 2 (October)
Pages: 179-202

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Handle: RePEc:kap:enreec:v:44:y:2009:i:2:p:179-202
DOI: 10.1007/s10640-009-9279-3
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  1. Ronald Cummings & Glenn Harrison, 1995. "The measurement and decomposition of nonuse values: A critical review," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 5(3), pages 225-247, April.
  2. Casey, James F. & Kahn, James R. & Rivas, Alexandre A.F., 2008. "Willingness to accept compensation for the environmental risks of oil transport on the Amazon: A choice modeling experiment," Ecological Economics, Elsevier, vol. 67(4), pages 552-559, November.
  3. Susmita Dasgupta & Benoit Laplante & Hua Wang & David Wheeler, 2002. "Confronting the Environmental Kuznets Curve," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 147-168, Winter.
  4. Carson, R.T. & Mitchell, R.C. & Hanemann, W.M. & Kopp, R.J. & Presser, S. & Ruud, P.A., 1992. "A Contingent Valuation Study of Lost Passive Use Values Resulting From the Exxon Valdez Oil Spill," MPRA Paper 6984, University Library of Munich, Germany.
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