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Application of non-market valuation to California's coastal policy decisions

Author

Listed:
  • Raheem, N.
  • Colt, S.
  • Fleishman, E.
  • Talberth, J.
  • Swedeen, P.
  • Boyle, K.J.
  • Rudd, M.
  • Lopez, R.D.
  • Crocker, D.
  • Bohan, D.
  • O'Higgins, T.
  • Willer, C.
  • Boumans, R.M.

Abstract

Regulatory agencies in the United States do not generally consider economic values of ecosystem services in their policy decisions. We report the results of a collaborative effort by a team of economists, conservation biologists, and staff members of the California Ocean Protection Council to provide spatially explicit and policy-relevant values for ecosystem services generated in coastal regions in California. We developed a matrix in which the rows are types of ecosystem services and the columns are types of marine ecosystems along the California coast. Where possible, we populated this matrix with ecosystem service values per unit of area drawn from the economics literature. We then evaluated whether the values for given services, in given ecosystems, could be reasonably approximated by applying the replacement cost or the avoided cost method. Reported values of coastal ecosystems varied widely, and much of the valuation research did not address specific ecosystem services. Even when ecosystem services were explicitly addressed, the services often were not described or valued in a spatially explicit manner. These results suggest that rigorous application of non-market values to policy decisions requires original valuation studies for specific services in specific ecosystems. Where original, place-based valuation studies are not possible, valuation by replacement or avoided cost methods is feasible for some ecosystem services.

Suggested Citation

  • Raheem, N. & Colt, S. & Fleishman, E. & Talberth, J. & Swedeen, P. & Boyle, K.J. & Rudd, M. & Lopez, R.D. & Crocker, D. & Bohan, D. & O'Higgins, T. & Willer, C. & Boumans, R.M., 2012. "Application of non-market valuation to California's coastal policy decisions," Marine Policy, Elsevier, vol. 36(5), pages 1166-1171.
    • Handle: RePEc:eee:marpol:v:36:y:2012:i:5:p:1166-1171
    DOI: 10.1016/j.marpol.2012.01.005
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    Citations

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    Cited by:

    1. Cati Torres & Nick Hanley, 2016. "Communicating research on the economic valuation of coastal and marine ecosystem services," DEA Working Papers 81, Universitat de les Illes Balears, Departament d'Economía Aplicada.
    2. Juan F. Velasco-Munoz & José A. Aznar-Sánchez & Marina Schoenemann & Belén López-Felices, 2022. "The economic valuation of ecosystem services: bibliometric analysis," Oeconomia Copernicana, Institute of Economic Research, vol. 13(4), pages 977-1014, December.
    3. Werner, Sandra R. & Spurgeon, James P.G. & Isaksen, Gary H. & Smith, Joseph P. & Springer, Nina K. & Gettleson, David A. & N׳Guessan, Lucie & Dupont, Jennifer M., 2014. "Rapid prioritization of marine ecosystem services and ecosystem indicators," Marine Policy, Elsevier, vol. 50(PA), pages 178-189.
    4. Queiroz, Luciana de Souza & Rossi, Sergio & Calvet-Mir, Laura & Ruiz-Mallén, Isabel & García-Betorz, Sara & Salvà-Prat, Júlia & Meireles, Antônio Jeovah de Andrade, 2017. "Neglected ecosystem services: Highlighting the socio-cultural perception of mangroves in decision-making processes," Ecosystem Services, Elsevier, vol. 26(PA), pages 137-145.
    5. Patricio Winckler & Roberto Agredano Martín & César Esparza & Oscar Melo & María Isabel Sactic & Carolina Martínez, 2023. "Projections of Beach Erosion and Associated Costs in Chile," Sustainability, MDPI, vol. 15(7), pages 1-23, March.
    6. Duarte Ferraz Sampaio, Flavia & Ostrensky, Antonio, 2013. "Brazilian environmental legislation as tool to conserve marine ornamental fish," Marine Policy, Elsevier, vol. 42(C), pages 280-285.
    7. Börger, Tobias & Beaumont, Nicola J. & Pendleton, Linwood & Boyle, Kevin J. & Cooper, Philip & Fletcher, Stephen & Haab, Tim & Hanemann, Michael & Hooper, Tara L. & Hussain, S. Salman & Portela, Rosim, 2014. "Incorporating ecosystem services in marine planning: The role of valuation," Marine Policy, Elsevier, vol. 46(C), pages 161-170.

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