Abstract

http://ssrn.com/abstract=1907462
 


 



Valuing Ecosystem Resilience


Jeff Bennett


Crawford School of Public Policy; PERC - Property and Environment Research Center

Gabriela Scheufele


Australian National University (ANU) - Crawford School of Economics and Government

April 1, 2011

Crawford School Research Paper
Environmental Economics Research Hub (EERH) Research Reports No. 98

Abstract:     
The concept of ecosystem resilience is being increasingly discussed as a driver of biodiversity values. It implies that marginal deteriorations in ecosystem conditions can abruptly result in non-marginal and irreversible changes in ecosystem functioning and the economic values that the ecosystem generates. This challenges the traditional approach to the valuation of biodiversity, which has focused on quantifying values attached to individual species or other elements of ecosystems. As yet, little is known about the value society attaches to changes in ecosystem resilience. This paper investigates this value. A discrete choice experiment is used to estimate implicit prices for attributes used to describe ecosystem resilience using the Border Ranges rainforests in Australia as an example. We find evidence that implicit prices for the attributes describing ecosystem resilience are positive and statistically significantly different from zero.

Number of Pages in PDF File: 21

Keywords: ecosystem resilience, discrete choice experiments, implicit prices, willingness to pay space

working papers series


Download This Paper

Date posted: August 10, 2011  

Suggested Citation

Bennett, Jeff and Scheufele, Gabriela, Valuing Ecosystem Resilience (April 1, 2011). Crawford School Research Paper ; Environmental Economics Research Hub (EERH) Research Reports No. 98. Available at SSRN: http://ssrn.com/abstract=1907462 or http://dx.doi.org/10.2139/ssrn.1907462

Contact Information

Jeff W Bennett (Contact Author)
Crawford School of Public Policy ( email )
ANU College of Asia and the Pacific
Canberra, Australian Capital Territory 0200
Australia

PERC - Property and Environment Research Center
2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

Gabriela Scheufele
Australian National University (ANU) - Crawford School of Economics and Government
ANU College of Asia and the Pacific
Canberra, Australian Capital Territory 0200
Australia
Feedback to SSRN


Paper statistics
Abstract Views: 340
Downloads: 43

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.282 seconds