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