Valuing Ecosystem Services: A New Paradigm Shift
The ways in which economists value natural resources has been, and continues to be, a constantly evolving process. At first, only transactions that took place in the marketplace were considered. However, it was not long until it was realised that this concept was an incomplete way to value natural resources and hence the concept of non-market valuation was introduced. These non-market valuation methodologies prevailed for about 50 or 60 years, but, at the present time, it is being realised that the current methodologies are incomplete and it is time for another new paradigm shift. The market and non-market valuation calculations currently used only include anthropocentric (human related) values and have omitted ecocentric ecosystem service values such as the pollination of crops that takes place by bees and flies. The question we are posed with now is how to calculate the true value for ecosystem services in given this new paradigm shift?
|Date of creation:||15 Oct 2006|
|Contact details of provider:|| Postal: Private Bag 3105, Hamilton, New Zealand, 3240|
Phone: + 64 (0)7 838 4758 (Administrator)
Fax: (647) 838-4331
Web page: http://cms.mngt.waikato.ac.nz/departments/economics
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wai:econwp:06/10. 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: (Brian Silverstone)
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.