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Economic valuation of coastal and marine ecosystem services in the 21st century: an overview from a management perspective

Author

Listed:
  • Cati Torres

    (Universitat de les Illes Balears)

  • Nick Hanley

    (University of St. Andrews)

Abstract

This report aims to provide, through an extensive review of the literature, a comprehensive overview of the knowledge base regarding the valuation of coastal and marine ecosystem services (ES), placing emphasis on the analysis of both the policy implications of current studies as well as existing challenges. We aim to contribute not only to the role that economic valuation can play in the management of these ecosystems, but also to promote discussion among social and ecological researchers about further research needs. The report aims to serve as a basis to build a common language which is crucial to improve the sustainability of natural resources.

Suggested Citation

  • Cati Torres & Nick Hanley, 2016. "Economic valuation of coastal and marine ecosystem services in the 21st century: an overview from a management perspective," DEA Working Papers 75, Universitat de les Illes Balears, Departament d'Economía Aplicada.
    • Handle: RePEc:ubi:deawps:75
    as

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    File URL: http://www.uib.es/depart/deaweb/deawp/pdf/w75.pdf
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    References listed on IDEAS

    as
    1. Yamazaki, Satoshi & Rust, Steven & Jennings, Sarah & Lyle, Jeremy & Frijlink, Sven, 2013. "Valuing recreational fishing in Tasmania and assessment of response bias in contingent valuation," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(2), pages 193-193.
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    Cited by:

    1. Cati Torres & Nick Hanley, 2016. "Communicating research on the economic valuation of coastal and marine ecosystem services," DEA Working Papers 81, Universitat de les Illes Balears, Departament d'Economía Aplicada.
    2. Norton, Daniel & Hynes, Stephen, 2018. "Estimating the Benefits of the Marine Strategy Framework Directive in Atlantic Member States: A Spatial Value Transfer Approach," Ecological Economics, Elsevier, vol. 151(C), pages 82-94.
    3. Mat Alipiah, Roseliza & Anang, Zuraini & Abdul Rashid, Noorhaslinda Kulub & Smart, James C. R. & Wan Ibrahim, Wan Noorwatie, 2018. "Aquaculturists Preference Heterogeneity towards Wetland Ecosystem Services: A Latent Class Discrete Choice Model," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(2), pages 253-266.

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    More about this item

    Keywords

    Economic valuation; coastal and marine ecosystem; cost-benefit analysis; policy implications; research needs; challenges;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • 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

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