Economic Valuation

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Louisa Coglan - One of the best experts on this subject based on the ideXlab platform.

  • Is Economic Valuation of ecosystem services useful to decision-makers? Lessons learned from Australian coastal and marine management.
    Journal of Environmental Management, 2016
    Co-Authors: Jean-baptiste Marre, Sarah Jennings, Jean Boncoeur, Sean Pascoe, Olivier Thébaud, Louisa Coglan
    Abstract:

    Abstract Economic Valuation of ecosystem services is widely advocated as being useful to support ecosystem management decision-making. However, the extent to which it is actually used or considered useful in decision-making is poorly documented. This literature blindspot is explored with an application to coastal and marine ecosystems management in Australia. Based on a nation-wide survey of eighty-eight decision-makers representing a diversity of management organizations, the perceived usefulness and level of use of Economic Valuation of ecosystem services, in support of coastal and marine management, are examined. A large majority of decision-makers are found to be familiar with Economic Valuation and consider it useful - even necessary – in decision-making, although this varies across groups of decision-makers. However, most decision-makers never or rarely use Economic Valuation. The perceived level of importance and trust in estimated dollar values differ across ecosystem services, and are especially high for values that relate to commercial activities. A number of factors are also found to influence respondent's use of Economic Valuation. Such findings concur with conclusions from other studies on the usefulness and use of ESV in environmental management decision-making. They also demonstrate the strength of the survey-based approach developed in this application to examine this issue in a variety of contexts.

  • Is Economic Valuation of ecosystem services useful to decision-makers? Lessons learned from Australian coastal and marine management
    2016
    Co-Authors: Jean-baptiste Marre, Sarah Jennings, Jean Boncoeur, Sean Pascoe, Olivier Thébaud, Louisa Coglan
    Abstract:

    Economic Valuation of ecosystem services is widely advocated as a useful decision-support tool for ecosystem management. However, the extent to which Economic Valuation of ecosystem services is actually used or considered useful in decision-making is poorly documented. This literature blindspot is explored with an application to coastal and marine ecosystems management in Australia. Based on a nation-wide survey of eighty-eight decision-makers representing a diversity of management organizations, the perceived usefulness and level of use of ecosystem services Economic Valuation in support of coastal and marine management are examined. A large majority of decision-makers are found to be familiar with Economic Valuation and consider it useful - even necessary - in decision-making, although this varies across decision-makers groups. However, most decision-makers never or rarely use it. The perceived level of importance and trust in estimated dollar values differ across ecosystem services, and are especially high for values that relate to commercial activities. A number of factors are also found to influence respondent’s use of Economic Valuation. Such findings concur with conclusions from other existing works, and are instructive to reflect on the issue of the usefulness of ESV in environmental management decision-making. They also confirm that the survey-based approach developed in this application represents a sound strategy to examine this issue at various scales and management levels.

  • Is Economic Valuation of ecosystem services useful to decision-makers? Lessons learned from Australian coastal and marine management
    Journal of Environmental Management, 2016
    Co-Authors: Jean-baptiste Marre, Sarah Jennings, Jean Boncoeur, Sean Pascoe, Olivier Thébaud, Louisa Coglan
    Abstract:

    Economic Valuation of ecosystem services is widely advocated as being useful to support ecosystem management decision-making. However, the extent to which it is actually used or considered useful in decision-making is poorly documented. This literature blindspot is explored with an application to coastal and marine ecosystems management in Australia. Based on a nation-wide survey of eighty-eight decision-makers representing a diversity of management organizations, the perceived usefulness and level of use of Economic Valuation of ecosystem services, in support of coastal and marine management, are examined. A large majority of decision-makers are found to be familiar with Economic Valuation and consider it useful- even necessary - in decision-making, although this varies across groups of decision makers. However, most decision-makers never or rarely use Economic Valuation. The perceived level of importance and trust in estimated dollar values differ across ecosystem services, and are especially high for values that relate to commercial activities. A number of factors are also found to influence respondent's use of Economic Valuation. Such findings concur with conclusions from other studies on the usefulness and use of ESV in environmental management decision-making. They also demonstrate the strength of the survey-based approach developed in this application to examine this issue in a variety of contexts. (C) 2016 Elsevier Ltd. All rights reserved.

Tore Soderqvist - One of the best experts on this subject based on the ideXlab platform.

  • Economic Valuation of a seed dispersal service in the stockholm national urban park sweden
    Ecological Economics, 2006
    Co-Authors: Cajsa Hougner, Johan Colding, Tore Soderqvist
    Abstract:

    Most Economic Valuation studies of species derive from stated preferences methods. These methods fail to take into account biodiversity values that the general public is not (made) informed about or has no experience with. Hence, production function (PF) and replacement cost (RC) approaches to Valuation may be preferable in situations where species perform key life support functions in ecosystems, such as seed dispersal, pollination, or pest regulation. We conduct an RC analysis of the seed dispersal service performed by the Eurasian jay (Garrulus glandarius) in the Stockholm National Urban Park, Sweden. The park holds one of the largest populations of giant oaks in Europe, and the oak (Quercus robur and Quercus petrea) represents a keystone species in the hemiboreal forests. The primary objective was to estimate the number of seed-dispersed oak trees that resulted from jays and to determine the costs of replacing this service though human means. Results show that depending upon seeding or planting technique chosen, the RC per pair of jays in the park is SEK 35,000 (USD 4900) and SEK 160,000 (USD 22,500), respectively. Based on the park's aggregated oak forest-area, average RC for natural oak forest regeneration by jays is SEK 15,000 (USD 2100) to SEK 67,000 (USD 9400) per hectare, respectively. These estimates help motivating investments in management strategies that secure critical breeding and foraging habitats of jays, including coniferous forests and jay movement corridors. The analysis also illustrates the need for detailed ecological–Economic knowledge in a PF or RC analysis. The continuous temporal and spatial oak dispersal service provided by jays holds several benefits compared to a man-made replacement of this service. PF and RC approaches are particularly motivated in cases of known functional ecological relationships, and critically important in estimating management measures where mobile link organisms and keystone species form key mutual relationships that generate high biodiversity benefits. In relation to obtained results, we discuss insights for conducting Valuation studies on particular species.

Jean-baptiste Marre - One of the best experts on this subject based on the ideXlab platform.

  • Is Economic Valuation of ecosystem services useful to decision-makers? Lessons learned from Australian coastal and marine management.
    Journal of Environmental Management, 2016
    Co-Authors: Jean-baptiste Marre, Sarah Jennings, Jean Boncoeur, Sean Pascoe, Olivier Thébaud, Louisa Coglan
    Abstract:

    Abstract Economic Valuation of ecosystem services is widely advocated as being useful to support ecosystem management decision-making. However, the extent to which it is actually used or considered useful in decision-making is poorly documented. This literature blindspot is explored with an application to coastal and marine ecosystems management in Australia. Based on a nation-wide survey of eighty-eight decision-makers representing a diversity of management organizations, the perceived usefulness and level of use of Economic Valuation of ecosystem services, in support of coastal and marine management, are examined. A large majority of decision-makers are found to be familiar with Economic Valuation and consider it useful - even necessary – in decision-making, although this varies across groups of decision-makers. However, most decision-makers never or rarely use Economic Valuation. The perceived level of importance and trust in estimated dollar values differ across ecosystem services, and are especially high for values that relate to commercial activities. A number of factors are also found to influence respondent's use of Economic Valuation. Such findings concur with conclusions from other studies on the usefulness and use of ESV in environmental management decision-making. They also demonstrate the strength of the survey-based approach developed in this application to examine this issue in a variety of contexts.

  • Is Economic Valuation of ecosystem services useful to decision-makers? Lessons learned from Australian coastal and marine management
    2016
    Co-Authors: Jean-baptiste Marre, Sarah Jennings, Jean Boncoeur, Sean Pascoe, Olivier Thébaud, Louisa Coglan
    Abstract:

    Economic Valuation of ecosystem services is widely advocated as a useful decision-support tool for ecosystem management. However, the extent to which Economic Valuation of ecosystem services is actually used or considered useful in decision-making is poorly documented. This literature blindspot is explored with an application to coastal and marine ecosystems management in Australia. Based on a nation-wide survey of eighty-eight decision-makers representing a diversity of management organizations, the perceived usefulness and level of use of ecosystem services Economic Valuation in support of coastal and marine management are examined. A large majority of decision-makers are found to be familiar with Economic Valuation and consider it useful - even necessary - in decision-making, although this varies across decision-makers groups. However, most decision-makers never or rarely use it. The perceived level of importance and trust in estimated dollar values differ across ecosystem services, and are especially high for values that relate to commercial activities. A number of factors are also found to influence respondent’s use of Economic Valuation. Such findings concur with conclusions from other existing works, and are instructive to reflect on the issue of the usefulness of ESV in environmental management decision-making. They also confirm that the survey-based approach developed in this application represents a sound strategy to examine this issue at various scales and management levels.

  • Is Economic Valuation of ecosystem services useful to decision-makers? Lessons learned from Australian coastal and marine management
    Journal of Environmental Management, 2016
    Co-Authors: Jean-baptiste Marre, Sarah Jennings, Jean Boncoeur, Sean Pascoe, Olivier Thébaud, Louisa Coglan
    Abstract:

    Economic Valuation of ecosystem services is widely advocated as being useful to support ecosystem management decision-making. However, the extent to which it is actually used or considered useful in decision-making is poorly documented. This literature blindspot is explored with an application to coastal and marine ecosystems management in Australia. Based on a nation-wide survey of eighty-eight decision-makers representing a diversity of management organizations, the perceived usefulness and level of use of Economic Valuation of ecosystem services, in support of coastal and marine management, are examined. A large majority of decision-makers are found to be familiar with Economic Valuation and consider it useful- even necessary - in decision-making, although this varies across groups of decision makers. However, most decision-makers never or rarely use Economic Valuation. The perceived level of importance and trust in estimated dollar values differ across ecosystem services, and are especially high for values that relate to commercial activities. A number of factors are also found to influence respondent's use of Economic Valuation. Such findings concur with conclusions from other studies on the usefulness and use of ESV in environmental management decision-making. They also demonstrate the strength of the survey-based approach developed in this application to examine this issue in a variety of contexts. (C) 2016 Elsevier Ltd. All rights reserved.

Yann Laurans - One of the best experts on this subject based on the ideXlab platform.

  • ecosystem services Economic Valuation decision support system or advocacy
    Ecosystem services, 2014
    Co-Authors: Yann Laurans, Laurent Mermet
    Abstract:

    There appears to be a discrepancy between the massive presence of Ecosystem Services (Economic) Valuations (ESV) in biodiversity discourse and literature and the small number of examples where it is documented and demonstrated that they have been instrumental in changing policies. Part of this discrepancy may reflect an insufficient fit of ESV to the organizational and political dimensions of decision-making. This paper thus explores the relation between decision-making as it is viewed in the theoretical roots of ESV and also as it is depicted in disciplines that take decision as their central topic. Three alternative and complementary types of decision models (rational decision-maker, organization and political process) each shed a different light on what ESV can be useful for, and what qualities are then required of it. In general, the contribution of ESV to decision-making relies both on its ability to bring rationality to decision-making, and on its procedural qualities as resource of influence that is needed for advocacy and justification. Thus, the usefulness of ESV cannot be enhanced by either the strengthening of their rigor or the enhancement of their procedural qualities alone: to successfully address the challenge, both of these measures are required in combination. This produces a tension between the rational and substantial abilities that ESV must sustain on the one hand, and the rhetorical and procedural qualities it should develop on the other hand. To overcome this tension, it may prove useful to draw lessons from the field of policy eValuation. In this field, rationalization-based and process-based methodologies once fiercely contested each other. However, process-based and content-based methodologies are now deliberately combined in diverse designs.

  • use of ecosystem services Economic Valuation for decision making questioning a literature blindspot
    Journal of Environmental Management, 2013
    Co-Authors: Yann Laurans, Aleksandar Rankovic, Raphael Bille, Romain Pirard, Laurent Mermet
    Abstract:

    Ecosystem Services Economic Valuation (ESV) is often seen as a tool that can potentially enhance our collective choices regarding ecosystem services as it factors in the costs and benefits of their degradation. Yet, to achieve this, the social processes leading to decisions need to use ESV effectively. This makes it necessary to understand if and how ESV is or is not used by decision-makers. However, there appears to be a literature blindspot as to the issue of the Use of Ecosystem Services Economic Valuation (UESV). This paper proposes a systematic review on UESV in peer-reviewed scientific literature. It shows that this literature gives little attention to this issue and rarely reports cases where ESV has been put to actual use, even though such use is frequently referred to as founding the goal and justification of ESV. The review identifies three categories of potential UESV: decisive, technical and informative, which are usually mentioned as prospects for the Valuations published. Two sets of hypotheses are examined to explain this result: either the use of ESV is a common practice, but is absent from the literature reviewed here; or the use of ESV is effectively rare. These hypotheses are discussed and open up further avenues of research which should make the actual use of ESV their core concern.

  • Economic Valuation of ecosystem services from coral reefs in the south pacific taking stock of recent experience
    Journal of Environmental Management, 2013
    Co-Authors: Yann Laurans, Nicolas Pascal, Eric Clua, Thomas Binet, L M Brander, Gilbert David, Dominique Rojat, Andrew Seidl
    Abstract:

    The Economic Valuation of coral reefs ecosystem services is currently seen as a promising approach to demonstrate the benefits of sustainable management of coral ecosystems to policymakers and to provide useful information for improved decisions. Most coral reefs Economic studies have been conducted in the United States, Southeast Asia and the Caribbean, and only a few have covered the South Pacific region. In this region, coral reefs are essential assets for small island developing states as well as for developed countries. Accordingly, a series of ecosystem services Valuations has been carried out recently in the South Pacific, to try and supply decision-makers with new information. Applying ecosystem services Valuation to the specific ecological, social, Economic and cultural contexts of the South Pacific is however not straightforward. This paper analyses how extant Valuations address the various management challenges of coral reef regions in general and more specifically for the South Pacific. Bearing in mind that Economic Valuation has to match policy-making contexts, we emphasize a series of specific considerations when conducting and applying ecosystem services Valuation in South Pacific ecological and social contexts. Finally, the paper examines the decision-making situations in which extant Valuations took place. We conclude that, although ecosystem Valuations have been effectively used as a means to raise awareness with respect to coral reef conservation, methodologies will have to be further developed, with multidisciplinary inputs, if they are to provide valuable inputs in local and technical decision-making.

Marion Fourcade - One of the best experts on this subject based on the ideXlab platform.

  • cents and sensibility Economic Valuation and the nature of nature 1
    American Journal of Sociology, 2011
    Co-Authors: Marion Fourcade
    Abstract:

    How do we attribute a monetary value to intangible things? This article offers a general sociological approach to this question, using the Economic value of nature as a paradigmatic case, and oil spills litigations in France and the United States as real world empirical illustrations. It suggests that a full-blown sociology of Economic Valuation must solve three problems: the “why,” which refers to the general place of money as a metric for worth; the “how,” which refers to the specific techniques and arguments laymen and experts deploy to elicit monetary translations; and the “then what” or the feedback loop from monetary values to social practices and representations.