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A Simple Lesson in Economic Valuation: Do Scientists Value Expanding the Nutrient Network?

Listed author(s):
  • Swallow, Stephen K.

    ()

    (University of Connecticut)

  • Liu, Pengfei

    ()

    (University of Connecticut)

  • Seabloom, Eric

    ()

    (University of Minnesota)

  • Borer, Elizabeth

    ()

    (University of Minnesota)

This paper reports on a small-scale experiment in which a broad group of ecological scientists were challenged to consider their own values within an economic framework, by considering whether to contribute financially (i.e., to donate) to support a global research initiative designed to investigate the implications of global change for grassland ecosystems. In this paper, we explore the concepts and foundations for economic valuation and use this small-scale experiment to illustrate some of the basic approaches of economics as they might apply to choices about ecosystem services, particularly using an application to the potential to enhance scientific knowledge.

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File URL: http://zwickcenter.uconn.edu/documents/workingpapers/wp26.pdf
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Paper provided by University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy in its series Working Papers with number 26.

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Length: 27 pages
Date of creation: Dec 2013
Handle: RePEc:zwi:wpaper:26
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  1. Groves, Theodore & Ledyard, John O, 1977. "Optimal Allocation of Public Goods: A Solution to the "Free Rider" Problem," Econometrica, Econometric Society, vol. 45(4), pages 783-809, May.
  2. Mark B. Stewart, 1983. "On Least Squares Estimation when the Dependent Variable is Grouped," Review of Economic Studies, Oxford University Press, vol. 50(4), pages 737-753.
  3. Spencer, Michael A. & Swallow, Stephen K. & Shogren, Jason F. & List, John A., 2009. "Rebate rules in threshold public good provision," Journal of Public Economics, Elsevier, vol. 93(5-6), pages 798-806, June.
  4. Rose, Steven K. & Clark, Jeremy & Poe, Gregory L. & Rondeau, Daniel & Schulze, William D., 2002. "The private provision of public goods: tests of a provision point mechanism for funding green power programs," Resource and Energy Economics, Elsevier, vol. 24(1-2), pages 131-155, February.
  5. Rondeau, Daniel & D. Schulze, William & Poe, Gregory L., 1999. "Voluntary revelation of the demand for public goods using a provision point mechanism," Journal of Public Economics, Elsevier, vol. 72(3), pages 455-470, June.
  6. Swallow, Stephen K. & Smith, Elizabeth C. & Uchida, Emi & Anderson, Christopher M., 2008. "Ecosystem Services Beyond Valuation, Regulation and Philanthropy: Integrating Consumer Values into the Economy," Choices, Agricultural and Applied Economics Association, vol. 23(2).
  7. Johnston, Robert J. & Russell, Marc, 2011. "An operational structure for clarity in ecosystem service values," Ecological Economics, Elsevier, vol. 70(12), pages 2243-2249.
  8. Rondeau, Daniel & Poe, Gregory L. & Schulze, William D., 2005. "VCM or PPM? A comparison of the performance of two voluntary public goods mechanisms," Journal of Public Economics, Elsevier, vol. 89(8), pages 1581-1592, August.
  9. Stephen K. Swallow & Christopher Anderson & Emi Uchida, 2012. "The Bobolink Project: Selling Public Goods from Ecosystem Services Using Provision Point Mechanisms," Working Papers 16, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
  10. Gregory Poe & Jeremy Clark & Daniel Rondeau & William Schulze, 2002. "Provision Point Mechanisms and Field Validity Tests of Contingent Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(1), pages 105-131, September.
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