Abstract

http://ssrn.com/abstract=978376
 
 

References (52)



 
 

Citations (1)



 


 



Valuation of Ecosystem Goods and Services Part 1: An Integrated Dynamic Approach


Ralph Winkler


University of Bern - Department of Economics; University of Bern - Oeschger Centre for Climate Change Research


Ecological Economics, Vol. 59, No. 1, pp. 82-93, 2006

Abstract:     
This is the first part of a two-part paper which offers a new approach to the valuation of ecosystem goods and services. The existing literature on environmental valuation is based on two distinct foundations. The ecological valuation methods derive values by a cost-of production approach. Their common characteristic is the neglect of consumer preferences. The economic valuation methods focus on the exchange value of ecosystem services. Their common characteristic is that they are finally based on consumer preferences, and do not adequately take account of the complex internal structure of ecosystems. As the existing methods for the valuation of ecosystem services emphasize either the economic system or the ecosystem, the main objective of part 1 is to provide the conceptual foundations for a new method of valuation of ecosystem services, which deals simultaneously with the ecosystem, the economic system and society in a balanced way. Within a simple pre-industrial model it is shown how the interdependencies between the three subsystems influence values, and how values change over time.

Number of Pages in PDF File: 24

Keywords: Dynamic optimization, Ecosystem goods and services, Environmental valuation

JEL Classification: Q57, Q51, C61

Accepted Paper Series


Download This Paper

Date posted: April 5, 2007 ; Last revised: February 20, 2008

Suggested Citation

Winkler, Ralph, Valuation of Ecosystem Goods and Services Part 1: An Integrated Dynamic Approach. Ecological Economics, Vol. 59, No. 1, pp. 82-93, 2006. Available at SSRN: http://ssrn.com/abstract=978376

Contact Information

Ralph Winkler (Contact Author)
University of Bern - Department of Economics ( email )
Schanzeneckstrasse 1
Bern, 3001
Switzerland
+41 31 631 4598 (Phone)
+41 31 631 3783 (Fax)
HOME PAGE: http://www.ralph-winkler.de
University of Bern - Oeschger Centre for Climate Change Research ( email )
Zähringerstrasse 25
Bern, 3012
Switzerland
Feedback to SSRN


Paper statistics
Abstract Views: 1,385
Downloads: 225
Download Rank: 76,833
References:  52
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo3 in 0.953 seconds