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Untying A Lancastrian Bundle: Ecosystem Valuation In Wetland Mitigation

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  • Hoehn, John P.
  • Lupi, Frank
  • Kaplowitz, Michael D.

Abstract

A utility-theoretic model indicates that mitigation prices for wetland ecosystems depend on preferences and technical knowledge. Empirical analysis found gaps in respondents' knowledge about such ecosystmes. Valuing wetland types requires dealing with respondents' possible misinformation, by developing tools for informing respondents or by combining service-based valuations with valid technical data.

Suggested Citation

  • Hoehn, John P. & Lupi, Frank & Kaplowitz, Michael D., 2001. "Untying A Lancastrian Bundle: Ecosystem Valuation In Wetland Mitigation," 2001 Annual meeting, August 5-8, Chicago, IL 20467, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20467
    DOI: 10.22004/ag.econ.20467
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    References listed on IDEAS

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    1. Heimlich, Ralph E. & Wiebe, Keith D. & Claassen, Roger & Gadsby, Dwight M. & House, Robert M., 1998. "Wetlands and Agriculture: Private Interests and Public Benefits," Agricultural Economic Reports 34043, United States Department of Agriculture, Economic Research Service.
    2. Michael Kaplowitz, 2000. "Identifying ecosystem services using multiple methods: Lessons from the mangrove wetlands of Yucatan, Mexico," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 17(2), pages 169-179, June.
    3. John C. Bergstrom & John R. Stoll, 1993. "Value Estimator Models for Wetlands-Based Recreational Use Values," Land Economics, University of Wisconsin Press, vol. 69(2), pages 132-137.
    4. Christopher D. Azevedo & Joseph A. Herriges & Catherine L. Kling, 2000. "Iowa Wetlands: Perceptions and Values," Center for Agricultural and Rural Development (CARD) Publications 00-sr91, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    5. Brent L. Mahan & BStephen Polasky & Richard M. Adams, 2000. "Valuing Urban Wetlands: A Property Price Approach," Land Economics, University of Wisconsin Press, vol. 76(1), pages 100-113.
    6. Loomis, John & Kent, Paula & Strange, Liz & Fausch, Kurt & Covich, Alan, 2000. "Measuring the total economic value of restoring ecosystem services in an impaired river basin: results from a contingent valuation survey," Ecological Economics, Elsevier, vol. 33(1), pages 103-117, April.
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    Cited by:

    1. Deal, Robert L. & Cochran, Bobby & LaRocco, Gina, 2012. "Bundling of ecosystem services to increase forestland value and enhance sustainable forest management," Forest Policy and Economics, Elsevier, vol. 17(C), pages 69-76.

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