Estimating the economic value of coastal wetlands : conceptual issues and research needs / Leonard A. Shabman and Sandra S. Batie.
Material type:
TextSeries: Sea Grant Project Paper. VPI-SG-79-08 Publication details: Blacksburg, VA : 1979. Virginia Polytecnic Institute and State University,Description: iv, 21 p. : ill. ; 28 cmOnline resources: Abstract: Estimates of the economic value of coastal wetlands can better establish their social worth and provide an improved focus for debates over wetlands preservation. This has been recognized by many authors and several approaches to economic valuation now appear in the literature on wetlands. The most prominent techniques are the transference of net energy flows to monetary equivalents and the estimation of the market value of harvestable species and other direct user services derived from wetlands. The results reported are often based upon approaches which are conceptually flawed. However, valid estimates of wetlands economic values are difficult to obtain at this time due to a dearth of physical and biological data relevant for economic analysis. Cooperative research between physical and economic scientists can begin to provide the necessary information for sound economic analysis. Nonetheless, in the near future we can only expect limited success in establishing the economic value of n
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Includes bibliographical references (p. 18-21).
Estimates of the economic value of coastal wetlands can better establish their social worth and provide an improved focus for debates over wetlands preservation. This has been recognized by many authors and several approaches to economic valuation now appear in the literature on wetlands. The most prominent techniques are the transference of net energy flows to monetary equivalents and the estimation of the market value of harvestable species and other direct user services derived from wetlands. The results reported are often based upon approaches which are conceptually flawed. However, valid estimates of wetlands economic values are difficult to obtain at this time due to a dearth of physical and biological data relevant for economic analysis. Cooperative research between physical and economic scientists can begin to provide the necessary information for sound economic analysis. Nonetheless, in the near future we can only expect limited success in establishing the economic value of n