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Waters of the United States: Upgrading wetland valuation via benefit transfer

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  • Moeltner, Klaus
  • Balukas, Jessica A.
  • Besedin, Elena
  • Holland, Ben

Abstract

With this study, we respond to the ongoing debate on the legal protection of wetlands, and the concurrent need to understand the societal benefits created by them. Using updated meta-data on wetland valuation, we illustrate how a state-of-the-art meta-regression framework that is consistent with economic theory can be adapted to generate benefit transfer predictions for incremental changes in wetland acreage over space and time. We apply this framework to estimate losses in benefits for realistic changes in wetland acreage for some sub-watersheds, as can be expected under the proposed re-definition of the “Waters of the United States” to be protected under the Clean Water Act.

Suggested Citation

  • Moeltner, Klaus & Balukas, Jessica A. & Besedin, Elena & Holland, Ben, 2019. "Waters of the United States: Upgrading wetland valuation via benefit transfer," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    • Handle: RePEc:eee:ecolec:v:164:y:2019:i:c:19
    DOI: 10.1016/j.ecolecon.2019.05.016
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    Cited by:

    1. Dennis Guignet & Matthew T. Heberling & Michael Papenfus & Olivia Griot, 2022. "Property Values, Water Quality, and Benefit Transfer: A Nationwide Meta-analysis," Land Economics, University of Wisconsin Press, vol. 98(2), pages 191-218.
    2. Daniel R. Petrolia & Dennis Guignet & John Whitehead & Cannon Kent & Clay Caulder & Kelvin Amon, 2021. "Nonmarket Valuation in the Environmental Protection Agency's Regulatory Process," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(3), pages 952-969, September.
    3. Robert J. Johnston & Kevin J. Boyle & Maria L. Loureiro & Ståle Navrud & John Rolfe, 2021. "Guidance to Enhance the Validity and Credibility of Environmental Benefit Transfers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(3), pages 575-624, July.
    4. Hermine Vedogbeton & Robert J. Johnston, 2020. "Commodity Consistent Meta-Analysis of Wetland Values: An Illustration for Coastal Marsh Habitat," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(4), pages 835-865, April.
    5. Moeltner, Klaus & Puri, Roshan & Johnston, Robert J. & Besedin, Elena & Balukas, Jessica & Le, Alyssa, 2022. "Locally Weighted Meta-Regression and Benefit Transfer," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322359, Agricultural and Applied Economics Association.

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