The valuation of ecosystem services

Research output: Contributions to collected editions/worksChapterpeer-review

Standard

The valuation of ecosystem services. / Barbier, Edward B.; Baumgärtner, Stefan; Chopra, Kanchan et al.
Biodiversity, ecosystem functioning, and human wellbeing: An Ecological and Economic Perspective. ed. / Shahid Naeem; Daniel E. Bunker; Andy Hector; Michel Loreau; Charles Perrings. Oxford [u.a.]: Oxford University Press, 2009. p. 248-262.

Research output: Contributions to collected editions/worksChapterpeer-review

Harvard

Barbier, EB, Baumgärtner, S, Chopra, K, Costello, C, Duraiappah, A, Hassan, R, Kinzig, AP, Lehman, M, Pascual, U, Polasky, S & Perrings, C 2009, The valuation of ecosystem services. in S Naeem, DE Bunker, A Hector, M Loreau & C Perrings (eds), Biodiversity, ecosystem functioning, and human wellbeing: An Ecological and Economic Perspective. Oxford University Press, Oxford [u.a.], pp. 248-262. https://doi.org/10.1093/acprof:oso/9780199547951.003.0018

APA

Barbier, E. B., Baumgärtner, S., Chopra, K., Costello, C., Duraiappah, A., Hassan, R., Kinzig, A. P., Lehman, M., Pascual, U., Polasky, S., & Perrings, C. (2009). The valuation of ecosystem services. In S. Naeem, D. E. Bunker, A. Hector, M. Loreau, & C. Perrings (Eds.), Biodiversity, ecosystem functioning, and human wellbeing: An Ecological and Economic Perspective (pp. 248-262). Oxford University Press. https://doi.org/10.1093/acprof:oso/9780199547951.003.0018

Vancouver

Barbier EB, Baumgärtner S, Chopra K, Costello C, Duraiappah A, Hassan R et al. The valuation of ecosystem services. In Naeem S, Bunker DE, Hector A, Loreau M, Perrings C, editors, Biodiversity, ecosystem functioning, and human wellbeing: An Ecological and Economic Perspective. Oxford [u.a.]: Oxford University Press. 2009. p. 248-262 doi: 10.1093/acprof:oso/9780199547951.003.0018

Bibtex

@inbook{4c4d6b6da2c4439c94e464e236072863,
title = "The valuation of ecosystem services",
abstract = "By harnessing recent results on the relationship between biodiversity and ecosystem functioning to an assessment of the valued services that people obtain from the natural environment, the Millennium Ecosystem Assessment (MA) has brought the analysis of ecosystems into the domain of economics. Ecosystem services are defined by the MA as the benefits that people obtain from ecosystems. Since the value of any asset is simply the discounted stream of benefits that are obtained from that asset, the benefit streams associated with ecosystem services may be used to estimate the value of the underlying ecological assets. Those assets are not the traditional stocks of resource economics - minerals, water, timber and so on - but the systems that yield flows of such things. This chapter discusses the value of ecosystems and ecosystem services. It identifies the main methods for valuing different types of ecosystem service, and the role of valuation in developing sustainability indicators. The sustainability of economic development requires that the value of the assets or capital stocks supporting development be maintained over time, and since capital includes produced, human and natural capital, it is important to understand how the value of ecosystems may be changing relative to the value of other capital stocks.",
keywords = "Sustainability sciences, Management & Economics, Ecosystem services, Revealed preference, Stated preference, Valuation, Economics",
author = "Barbier, {Edward B.} and Stefan Baumg{\"a}rtner and Kanchan Chopra and Christopher Costello and Anantha Duraiappah and Rashid Hassan and Kinzig, {Anna P.} and Markus Lehman and Unai Pascual and Stephen Polasky and Charles Perrings",
note = "Publisher Copyright: {\textcopyright} Oxford University Press 2009. All rights reserved.",
year = "2009",
month = jul,
day = "30",
doi = "10.1093/acprof:oso/9780199547951.003.0018",
language = "English",
isbn = "978-019954795-1",
pages = "248--262",
editor = "Shahid Naeem and Bunker, {Daniel E.} and Andy Hector and Michel Loreau and Charles Perrings",
booktitle = "Biodiversity, ecosystem functioning, and human wellbeing",
publisher = "Oxford University Press",
address = "United Kingdom",

}

RIS

TY - CHAP

T1 - The valuation of ecosystem services

AU - Barbier, Edward B.

AU - Baumgärtner, Stefan

AU - Chopra, Kanchan

AU - Costello, Christopher

AU - Duraiappah, Anantha

AU - Hassan, Rashid

AU - Kinzig, Anna P.

AU - Lehman, Markus

AU - Pascual, Unai

AU - Polasky, Stephen

AU - Perrings, Charles

N1 - Publisher Copyright: © Oxford University Press 2009. All rights reserved.

PY - 2009/7/30

Y1 - 2009/7/30

N2 - By harnessing recent results on the relationship between biodiversity and ecosystem functioning to an assessment of the valued services that people obtain from the natural environment, the Millennium Ecosystem Assessment (MA) has brought the analysis of ecosystems into the domain of economics. Ecosystem services are defined by the MA as the benefits that people obtain from ecosystems. Since the value of any asset is simply the discounted stream of benefits that are obtained from that asset, the benefit streams associated with ecosystem services may be used to estimate the value of the underlying ecological assets. Those assets are not the traditional stocks of resource economics - minerals, water, timber and so on - but the systems that yield flows of such things. This chapter discusses the value of ecosystems and ecosystem services. It identifies the main methods for valuing different types of ecosystem service, and the role of valuation in developing sustainability indicators. The sustainability of economic development requires that the value of the assets or capital stocks supporting development be maintained over time, and since capital includes produced, human and natural capital, it is important to understand how the value of ecosystems may be changing relative to the value of other capital stocks.

AB - By harnessing recent results on the relationship between biodiversity and ecosystem functioning to an assessment of the valued services that people obtain from the natural environment, the Millennium Ecosystem Assessment (MA) has brought the analysis of ecosystems into the domain of economics. Ecosystem services are defined by the MA as the benefits that people obtain from ecosystems. Since the value of any asset is simply the discounted stream of benefits that are obtained from that asset, the benefit streams associated with ecosystem services may be used to estimate the value of the underlying ecological assets. Those assets are not the traditional stocks of resource economics - minerals, water, timber and so on - but the systems that yield flows of such things. This chapter discusses the value of ecosystems and ecosystem services. It identifies the main methods for valuing different types of ecosystem service, and the role of valuation in developing sustainability indicators. The sustainability of economic development requires that the value of the assets or capital stocks supporting development be maintained over time, and since capital includes produced, human and natural capital, it is important to understand how the value of ecosystems may be changing relative to the value of other capital stocks.

KW - Sustainability sciences, Management & Economics

KW - Ecosystem services

KW - Revealed preference

KW - Stated preference

KW - Valuation

KW - Economics

UR - http://www.scopus.com/inward/record.url?scp=84920070117&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/1ca58952-a1d5-3fc9-b749-1fca9c849cc1/

U2 - 10.1093/acprof:oso/9780199547951.003.0018

DO - 10.1093/acprof:oso/9780199547951.003.0018

M3 - Chapter

SN - 978-019954795-1

SP - 248

EP - 262

BT - Biodiversity, ecosystem functioning, and human wellbeing

A2 - Naeem, Shahid

A2 - Bunker, Daniel E.

A2 - Hector, Andy

A2 - Loreau, Michel

A2 - Perrings, Charles

PB - Oxford University Press

CY - Oxford [u.a.]

ER -