Valuing Ecosystem Resilience

Crawford School Research Paper

Environmental Economics Research Hub (EERH) Research Reports No. 98

21 Pages Posted: 10 Aug 2011  

Jeff Bennett

Crawford School of Public Policy

Gabriela Scheufele

Australian National University (ANU) - Crawford School of Public Policy

Date Written: April 1, 2011

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.

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

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: https://ssrn.com/abstract=1907462 or http://dx.doi.org/10.2139/ssrn.1907462

Jeff W Bennett (Contact Author)

Crawford School of Public Policy ( email )

ANU College of Asia and the Pacific
J.G. Crawford Building, #132, Lennox Crossing
Canberra, Australian Capital Territory 0200
Australia

Gabriela Scheufele

Australian National University (ANU) - Crawford School of Public Policy

ANU College of Asia and the Pacific
J.G. Crawford Building, #132, Lennox Crossing
Canberra, Australian Capital Territory 0200
Australia

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