IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/101133.html
   My bibliography  Save this paper

Deliberative Monetary Valuation (DMV) in Practice

Author

Listed:
  • Spash, Clive L.

Abstract

Economists concerned with validity, defined internally to the profession, are combining stated preference methods with participatory deliberation to address on-going criticism. DMV uses formal methods of deliberation to express values for environmental change in monetary terms. However, the results have begun to define different realms of value, reflecting pluralism in public concern over environmental change. Reviewing empirical DMV studies evidences a range of issues regarded as external to economics and the validity of its methods, issues which are typically kept at arms length by economists namely, multiple values, incommensurability and lexicographic preferences, social justice, fairness, and non-human values.

Suggested Citation

  • Spash, Clive L., 2007. "Deliberative Monetary Valuation (DMV) in Practice," MPRA Paper 101133, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:101133
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/101133/1/MPRA_paper_101133.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Kevin C. Urama & Ian Hodge, 2006. "Participatory Environmental Education and Willingness to Pay for River Basin Management: Empirical Evidence from Nigeria," Land Economics, University of Wisconsin Press, vol. 82(4), pages 542-561.
    2. Sagoff, M., 1998. "Aggregation and deliberation in valuing environmental public goods:: A look beyond contingent pricing," Ecological Economics, Elsevier, vol. 24(2-3), pages 213-230, February.
    3. Richard B. Howarth & Matthew A. Wilson, 2006. "A Theoretical Approach to Deliberative Valuation: Aggregation by Mutual Consent," Land Economics, University of Wisconsin Press, vol. 82(1), pages 1-16.
    4. Gregory, Robin & Wellman, Katharine, 2001. "Bringing stakeholder values into environmental policy choices: a community-based estuary case study," Ecological Economics, Elsevier, vol. 39(1), pages 37-52, October.
    5. Clive L. Spash, 2006. "Non-Economic Motivation for Contingent Values: Rights and Attitudinal Beliefs in the Willingness To Pay for Environmental Improvements," Land Economics, University of Wisconsin Press, vol. 82(4), pages 602-622.
    6. Spash, Clive L. & Hanley, Nick, 1995. "Preferences, information and biodiversity preservation," Ecological Economics, Elsevier, vol. 12(3), pages 191-208, March.
    7. Kontogianni, Areti & Skourtos, Mihalis S. & Langford, Ian H. & Bateman, Ian J. & Georgiou, Stavros, 2001. "Integrating stakeholder analysis in non-market valuation of environmental assets," Ecological Economics, Elsevier, vol. 37(1), pages 123-138, April.
    8. MacMillan, Douglas & Hanley, Nick & Lienhoop, Nele, 2006. "Contingent valuation: Environmental polling or preference engine?," Ecological Economics, Elsevier, vol. 60(1), pages 299-307, November.
    9. Begoña Álvarez-Farizo & Nick Hanley, 2006. "Improving the Process of Valuing Non-Market Benefits: Combining Citizens’ Juries with Choice Modelling," Land Economics, University of Wisconsin Press, vol. 82(3), pages 465-478.
    10. Vatn, Arild, 2005. "Rationality, institutions and environmental policy," Ecological Economics, Elsevier, vol. 55(2), pages 203-217, November.
    11. Spash, Clive L., 2000. "Ecosystems, contingent valuation and ethics: the case of wetland re-creation," Ecological Economics, Elsevier, vol. 34(2), pages 195-215, August.
    12. Spash, Clive L., 2002. "Informing and forming preferences in environmental valuation: Coral reef biodiversity," Journal of Economic Psychology, Elsevier, vol. 23(5), pages 665-687, October.
    13. Wilson, Matthew A. & Howarth, Richard B., 2002. "Discourse-based valuation of ecosystem services: establishing fair outcomes through group deliberation," Ecological Economics, Elsevier, vol. 41(3), pages 431-443, June.
    14. Arild Vatn, 2004. "Environmental Valuation and Rationality," Land Economics, University of Wisconsin Press, vol. 80(1), pages 1-18.
    15. Spash, Clive L., 2007. "Deliberative monetary valuation (DMV): Issues in combining economic and political processes to value environmental change," Ecological Economics, Elsevier, vol. 63(4), pages 690-699, September.
    16. Nick Hanley & Jason Shogren, 2005. "Is Cost–Benefit Analysis Anomaly-Proof?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 32(1), pages 13-24, September.
    17. Macmillan, Douglas C. & Philip, Lorna & Hanley, Nick & Alvarez-Farizo, Begona, 2002. "Valuing the non-market benefits of wild goose conservation: a comparison of interview and group based approaches," Ecological Economics, Elsevier, vol. 43(1), pages 49-59, November.
    18. Arild Vatn, 2005. "Institutions and the Environment," Books, Edward Elgar Publishing, number 2826.
    19. Spash, Clive L. & Vatn, Arild, 2006. "Transferring environmental value estimates: Issues and alternatives," Ecological Economics, Elsevier, vol. 60(2), pages 379-388, December.
    20. Jack Knetsch, 2005. "Gains, Losses, and the US-EPA Economic Analyses Guidelines: A Hazardous Product?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 32(1), pages 91-112, September.
    21. Aldred, Jonathan & Jacobs, Michael, 2000. "Citizens and wetlands: evaluating the Ely citizens' jury," Ecological Economics, Elsevier, vol. 34(2), pages 217-232, August.
    22. Simon Niemeyer & Clive L Spash, 2001. "Environmental Valuation Analysis, Public Deliberation, and their Pragmatic Syntheses: A Critical Appraisal," Environment and Planning C, , vol. 19(4), pages 567-585, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Saarikoski, Heli & Aapala, Kaisu & Artell, Janne & Grammatikopoulou, Ioanna & Hjerppe, Turo & Lehtoranta, Virpi & Mustajoki, Jyri & Pouta, Eija & Primmer, Eeva & Vatn, Arild, 2022. "Multimethod valuation of peatland ecosystem services: Combining choice experiment, multicriteria decision analysis and deliberative valuation," Ecosystem Services, Elsevier, vol. 57(C).
    2. Yves Meinard & Olivier Cailloux, 2021. "Deliberation in Valuation and Decision Making: A Conceptual Clarification," Post-Print hal-03487127, HAL.
    3. Spash, Clive L., 2007. "Deliberative Monetary Valuation (DMV) in Theory," MPRA Paper 101132, University Library of Munich, Germany.
    4. Christie, Mike & Fazey, Ioan & Cooper, Rob & Hyde, Tony & Kenter, Jasper O., 2012. "An evaluation of monetary and non-monetary techniques for assessing the importance of biodiversity and ecosystem services to people in countries with developing economies," Ecological Economics, Elsevier, vol. 83(C), pages 67-78.
    5. Spash, Clive L., 2007. "Deliberative monetary valuation (DMV): Issues in combining economic and political processes to value environmental change," Ecological Economics, Elsevier, vol. 63(4), pages 690-699, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lo, Alex Y. & Spash, Clive L., 2011. "Articulation of Plural Values in Deliberative Monetary Valuation: Beyond Preference Economisation and Moralisation," MPRA Paper 30002, University Library of Munich, Germany.
    2. Bunse, Lukas & Rendon, Olivia & Luque, Sandra, 2015. "What can deliberative approaches bring to the monetary valuation of ecosystem services? A literature review," Ecosystem Services, Elsevier, vol. 14(C), pages 88-97.
    3. Clive L Spash, 2007. "Deliberative Monetary Valuation (DMV) in Theory," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2007-01, CSIRO Sustainable Ecosystems.
    4. Spash, Clive L., 2007. "Deliberative monetary valuation (DMV): Issues in combining economic and political processes to value environmental change," Ecological Economics, Elsevier, vol. 63(4), pages 690-699, September.
    5. Bartkowski, Bartosz & Lienhoop, Nele, 2018. "Beyond Rationality, Towards Reasonableness: Enriching the Theoretical Foundation of Deliberative Monetary Valuation," Ecological Economics, Elsevier, vol. 143(C), pages 97-104.
    6. Christos Zografos & Richard B. Howarth, 2010. "Deliberative Ecological Economics for Sustainability Governance," Sustainability, MDPI, vol. 2(11), pages 1-19, October.
    7. Lo, Alex Y., 2013. "Agreeing to pay under value disagreement: Reconceptualizing preference transformation in terms of pluralism with evidence from small-group deliberations on climate change," Ecological Economics, Elsevier, vol. 87(C), pages 84-94.
    8. Clive L. Spash, 2008. "Deliberative Monetary Valuation and the Evidence for a New Value Theory," Land Economics, University of Wisconsin Press, vol. 84(3), pages 469-488.
    9. Szabó, Zoltán, 2011. "Reducing protest responses by deliberative monetary valuation: Improving the validity of biodiversity valuation," Ecological Economics, Elsevier, vol. 72(C), pages 37-44.
    10. Spash, Clive L. & Vatn, Arild, 2006. "Transferring environmental value estimates: Issues and alternatives," Ecological Economics, Elsevier, vol. 60(2), pages 379-388, December.
    11. Wanek, Eva & Bartkowski, Bartosz & Bourgeois-Gironde, Sacha & Schaafsma, Marije, 2023. "Deliberately vague or vaguely deliberative: A review of motivation and design choices in deliberative monetary valuation studies," Ecological Economics, Elsevier, vol. 208(C).
    12. Kenter, Jasper O. & Bryce, Rosalind & Christie, Michael & Cooper, Nigel & Hockley, Neal & Irvine, Katherine N. & Fazey, Ioan & O’Brien, Liz & Orchard-Webb, Johanne & Ravenscroft, Neil & Raymond, Chris, 2016. "Shared values and deliberative valuation: Future directions," Ecosystem Services, Elsevier, vol. 21(PB), pages 358-371.
    13. Clive L Spash, 2009. "Social Ecological Economics," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2009-08, CSIRO Sustainable Ecosystems.
    14. Lienhoop, Nele & Schröter-Schlaack, Christoph, 2018. "Involving multiple actors in ecosystem service governance: Exploring the role of stated preference valuation," Ecosystem Services, Elsevier, vol. 34(PB), pages 181-188.
    15. Schlapfer, Felix, 2008. "Contingent valuation: A new perspective," Ecological Economics, Elsevier, vol. 64(4), pages 729-740, February.
    16. Lele, Sharachchandra & Srinivasan, Veena, 2013. "Disaggregated economic impact analysis incorporating ecological and social trade-offs and techno-institutional context: A case from the Western Ghats of India," Ecological Economics, Elsevier, vol. 91(C), pages 98-112.
    17. Ito, Nobuyuki & Takeuchi, Kenji & Kuriyama, Koichi & Shoji, Yasushi & Tsuge, Takahiro & Mitani, Yohei, 2009. "The influence of decision-making rules on individual preferences for ecological restoration: Evidence from an experimental survey," Ecological Economics, Elsevier, vol. 68(8-9), pages 2426-2431, June.
    18. Kenter, Jasper O. & Reed, Mark S. & Fazey, Ioan, 2016. "The Deliberative Value Formation model," Ecosystem Services, Elsevier, vol. 21(PB), pages 194-207.
    19. Christie, Mike & Fazey, Ioan & Cooper, Rob & Hyde, Tony & Kenter, Jasper O., 2012. "An evaluation of monetary and non-monetary techniques for assessing the importance of biodiversity and ecosystem services to people in countries with developing economies," Ecological Economics, Elsevier, vol. 83(C), pages 67-78.
    20. Munro, Alistair, 2007. "When is some number really better than no number? On the optimal choice between non-market valuation methods," MPRA Paper 8978, University Library of Munich, Germany.

    More about this item

    Keywords

    Valuation; Environmental Policy; Refusals to Trade; Lexicographic Preferences; Ethics; Cost-Benefit Analysis; Public Participation; Deliberative Democracy; Institutions;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:101133. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.