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Use and Nonuse Values for Conserving Endangered Species: The Case of the Mediterranean Monk Seal

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Part of the book series: Studies in Ecological Economics ((SEEC,volume 3))

Abstract

The contingent valuation method (CV) has become a popular approach for placing economic values on items such as environmental goods and resources which are utilised by humans but which cannot easily be assigned a price in market terms (Bateman and Willis, 1999; Bateman and Turner, 1993; Mitchell and Carson, 1989). The objective is to provide a measure of benefits associated with, for example, the preservation of a natural resource compared with associated costs. However, attention has also been focused on nonuse values, such as the value of ensuring the continued existence of a given species or habitat (Krutilla, 1967). The aim is to produce a tangible set of measures which can summarise nonuse values, which in themselves are of no direct use to the individual expressing a value (Shechter and Freeman, 1994). However, this process is inevitably fraught with difficulties, as no direct assessment of this value can be made.

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© 2001 Springer Science+Business Media Dordrecht

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Langford, I.H., Skourtos, M.S., Kontogianni, A., Day, R.J., Georgiou, S., Bateman, I.J. (2001). Use and Nonuse Values for Conserving Endangered Species: The Case of the Mediterranean Monk Seal. In: Turner, R.K., Bateman, I.J., Adger, W.N. (eds) Economics of Coastal and Water Resources: Valuing Environmental Functions. Studies in Ecological Economics, vol 3. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-9755-5_6

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  • DOI: https://doi.org/10.1007/978-94-015-9755-5_6

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-90-481-5535-4

  • Online ISBN: 978-94-015-9755-5

  • eBook Packages: Springer Book Archive

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