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Moving beyond the exchange value in the nonmarket valuation of ecosystem services

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  • Allen, Karen E.
  • Moore, Rebecca

Abstract

There has been much discussion across the ecosystem services literature as to the role of economic valuation in identifying ecosystem service values and shaping policy. This article demonstrates a non-typical use of a nonmarket valuation technique known as the stated choice experiment (CE) for understanding a range of public preferences for stream-related ecosystem services in Macon County, NC. The experiment was carried out as part of the National Science Foundation funded Coweeta Long Term Ecological Research initiative, and it reflects an interdisciplinary attempt to produce knowledge regarding ecosystem service values that is of relevance to policy makers. The CE uses a split-sample design to test for the impact of mechanism of program implementation on respondent preferences and demonstrate a range of public willingness to pay (WTP) for stream health improvements. Responses are analyzed with a latent class logit and the results show that altering the mechanism of program implementation changes the latent class composition. Results also demonstrate consistent preferences for certain attributes of stream health, but WTP for ecosystem service provisioning varies widely with proposed program implementation. The use of the CE in this research demonstrates the flexibility of the tool for combining with interdisciplinary knowledge, as well as the usefulness of information provided by nonmarket valuation techniques for informing policy design.

Suggested Citation

  • Allen, Karen E. & Moore, Rebecca, 2016. "Moving beyond the exchange value in the nonmarket valuation of ecosystem services," Ecosystem Services, Elsevier, vol. 18(C), pages 78-86.
    • Handle: RePEc:eee:ecoser:v:18:y:2016:i:c:p:78-86
    DOI: 10.1016/j.ecoser.2016.02.002
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    3. Saarikoski, Heli & Mustajoki, Jyri & Barton, David N. & Geneletti, Davide & Langemeyer, Johannes & Gomez-Baggethun, Erik & Marttunen, Mika & Antunes, Paula & Keune, Hans & Santos, Rui, 2016. "Multi-Criteria Decision Analysis and Cost-Benefit Analysis: Comparing alternative frameworks for integrated valuation of ecosystem services," Ecosystem Services, Elsevier, vol. 22(PB), pages 238-249.
    4. Adam P. Hejnowicz & Murray A. Rudd, 2017. "The Value Landscape in Ecosystem Services: Value, Value Wherefore Art Thou Value?," Sustainability, MDPI, vol. 9(5), pages 1-34, May.
    5. Chun-Lin Lee & Chiung-Hsin Wang & Chun-Hung Lee & Supasit Sriarkarin, 2019. "Evaluating the Public’s Preferences toward Sustainable Planning under Climate and Land Use Change in Forest Parks," Sustainability, MDPI, vol. 11(11), pages 1-18, June.
    6. Wang, Haoluan & Swallow, Brent M., 2017. "Linking Agricultural Land Conservation and Provision of Ecosystem Services: A Choice Experiment Approach," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258537, Agricultural and Applied Economics Association.
    7. Nijhum, Farzana & Westbrook, Cherie & Noble, Bram & Belcher, Ken & Lloyd-Smith, Patrick, 2021. "Evaluation of alternative land-use scenarios using an ecosystem services-based strategic environmental assessment approach," Land Use Policy, Elsevier, vol. 108(C).

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