Skip to main content

Ecosystem Valuation: An Overview of Issues and Uncertainties

  • Chapter

Abstract

The idea of “valuing ecosystems” has cropped up with increasing frequency in debates about the management and preservation of the resources and systems with which nature endows us. Concerns about ecosystems have become more prominent with the growing belief that threats to natural integrity and human well-being are increasing in scale, from those involving local systems (one lake) to effects on larger systems (a whole watershed) whose consequences may be both greater and longer-lasting. Concerns about the economic valuation of ecosystems in this context reflect a widespread interest within the policy process for more information with which to judge the severity of these threats, relative to other pressing private and public concerns.

I am grateful to Anna Alberini and David Simpson for comments on earlier drafts.Responsibility for the opinions expressed in the paper is soely mine.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Allen, T. F. H. and T. B. Starr. 1982.hierarchy: Perspectives for Ecological Complexity.University of Chicago Press. Chicago. IL.

    Google Scholar 

  • Arrow, K.; R. Solow, P. Portnev, E. Learner, R. Radner, and H. Schuman. 1993.Report of the NOAA PanelonContingent Valuation.National Oceanic and Atmospheric Administration. Washington. DC.

    Google Scholar 

  • Braden, J. B. and C. D. Kolstad (eds.). 1991.Measuring the Demand for Environmental Quality.North-Holland. Amsterdam, The Netherlands.

    Google Scholar 

  • Brennan, T. J. 1989. A methodological assessment of multiple utility frameworks.Economics and Philosophy5(2):189–208.

    Article  Google Scholar 

  • Burtraw, D. and R. J. Kopp. 1994.Cost-Benefit Analysis and Internation- al Environmental Policy Decision Making: Problems of Income Disparity.RFF Discussion Paper 94–15. Resources for the Future. Washington. DC.

    Google Scholar 

  • Cleveland, C.J.1991. Natural resource scarcity and economic growth revisited: Economic and biophysical perspectives. In R. Costanza (ed.)Ecological Economics: The Science and Management of Sustainability.Columbia University Press, New York. NY.

    Google Scholar 

  • Common, M. and C. Pet-rings. 1992. Towards an ecological economics of sustainability.Ecological Economics6(1):7–34.

    Article  Google Scholar 

  • Costanza, R. 1992. Toward an operational definition of ecosystem health. In R. Costanza, B.G. Norton. and B.D. Haskell (eds.)Ecosystem Health: New Goals for Environmental Management. Island Press. Washington, DC.

    Google Scholar 

  • Diamond, Peter A. and Jerry A. Hausman. 1994. Contingent valuation: Is some number better than no number?Journal of Economic Perspectives8(4):45–64.

    Article  Google Scholar 

  • Freeman, A. M.. III. 1993.Measurement of Environmental and Resource Values: TheoryandMethods.Resources for the Future. Washington, DC.

    Google Scholar 

  • Hanemann, W. M. 1994. Valuing the environment through contingent valuation.Journal of Economic Perspectives8(4):19–44.

    Article  Google Scholar 

  • Hannon, B. 1991. Accounting in ecological systems. In R. Costanza (ed.)Ecological Economics: The Science and Management of Sustainability.Columbia University Press New York, NY.

    Google Scholar 

  • Hausman, J. A. (ed.). 1993.Contingent Valuation: A Critical Assessment.North-Holland, New York, NY.

    Google Scholar 

  • Holling, C. S. 1986. Resilience of ecosystems; Local surprise and global change. In W.C. Clark and R.E. Munn (eds.)Sustainable Development of the Biosphere.Cambridge University Press, Cambridge, UK.

    Google Scholar 

  • Kneese, A. V. and W. D. Schulze. 1985. Ethics and environmental economics. In A. V. Kneese and J. L. Sweeney (eds.)Handbook of Natural Resource and Energy Economics.vol. I. North-Holland, Amsterdam, The Netherlands.

    Google Scholar 

  • Kopp, R. J. and V. K. Smith (eds.). 1993.Valuing Natural Assets: The Economics of Natural Resource Damage Assessment.Resources for the Future, Washington, DC.

    Google Scholar 

  • Krutilla, J. V. 1967. Conservation reconsidered.American Economic Review54(4):777–786.

    Google Scholar 

  • Krutilla, J. V. and A. C. Fisher, 1985.The Economics of Natural Environments: Studies in the Valuation of Commodity and Amenity Resources(2nd edition). Resources for the Future, Washington, DC.

    Google Scholar 

  • Mitchell, R. C. and R. T. Carson. 1989.Using Surveys to Value Public Goods: The Contingent Valuation Method. Resources for the Future, Washington, DC.

    Google Scholar 

  • Norton, B. G. 1982. Environmental ethics and the rights of future generations.Environmental Ethics4(4):319–330.

    Google Scholar 

  • Norton, B. G. 1984. Environmental ethics and weak anthropocentrism.Environmental Ethics6(2):131–148.

    Google Scholar 

  • Norton, B. G. 1989. Intergenerational equity and environmental decisions: A model using Rawls’ veil of ignorance.Ecological Economics1(2): 137–159.

    Article  Google Scholar 

  • Norton, B. G. 1992. Sustainability, human welfare, and ecosystem health.Environmental Values1(2):97–111.

    Article  Google Scholar 

  • Norton, B. G. and R. E. Ulanowicz. 1992. Scale and biodiversity policy: A hierarchical approach.Ambio21(3):244–249.

    Google Scholar 

  • O’Neill, R. V., D. L. DeAngelis, J. B. Waide, and T. F. H. Allen. 1986. AHierarchical Concept of Ecosystems.Princeton University Press, Princeton, NJ.

    Google Scholar 

  • Page, T. 1983. Intergenerational justice as opportunity. In D. MacLean and P.G. Brown (eds.).Energy and the FutureRowman and Littlefield, Totowa, NJ.

    Google Scholar 

  • Page, T. 1991. Sustainability and the problem of valuation. In Robert Costanza (ed.).Ecological Economics: The Science and Management of Sustainability.Columbia University Press, New York. NY.

    Google Scholar 

  • Page, T. 1992. Environmental existentialism. In R. Costanza, B.G. Norton, and B.D. Haskell (eds.)Ecosystem Health: New Goals for Environmental Management. Island Press. Washington, DC.

    Google Scholar 

  • Pollak, R. A. 1978. Endogenous tastes in demand and welfare analysis.American Economic Review68(2):374–379.

    Google Scholar 

  • Randall, A. 1986. Human preferences. economics, and the preservation of species. In B.G. Norton (ed.) ThePreservation of Species.Princeton University Press, Princeton. NJ.

    Google Scholar 

  • Sagoff, M. 1994. Should preferences count?Land Economics70(2):127–144.

    Article  Google Scholar 

  • Simpson, R. D., R. A. Sedjo. and J. W. Reid. 1994.Valuing Biodiversity for Use in Pharmaceutical Research.Paper presented to the AERE Workshop, “Integrating the Environment and the Economy: Sustainable Development and Economic/Ecological Modelling.” June 6.

    Google Scholar 

  • Toman, M. 1994. Economics and “sustainability”: Balancing trade-offs and imperatives. LandEconomics70(4):399–413.

    Google Scholar 

  • Ulanowicz, R. 1991. Contributory values of ecosystem resources. In R. Costanza (ed.)Ecological Economics: The Science and Management of Sustainability.Columbia University Press. New York. NY.

    Google Scholar 

  • Vatn, A. and D. W. Bromley. 1994. Choices without prices without apologies.Journal of Environmental Economics and Management26(2): 129–148.

    Article  Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 1997 Springer Science+Business Media Dordrecht

About this chapter

Cite this chapter

Toman, M.A. (1997). Ecosystem Valuation: An Overview of Issues and Uncertainties. In: Simpson, R.D., Christensen, N.L. (eds) Ecosystem Function & Human Activities. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-6049-4_2

Download citation

  • DOI: https://doi.org/10.1007/978-1-4615-6049-4_2

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-0-412-09671-6

  • Online ISBN: 978-1-4615-6049-4

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics