Publication Details

Reference Category Journals
DOI / URL link
Title (Primary) Capturing the complexity of biodiversity: A critical review of economic valuation studies of biological diversity
Author Bartkowski, B.; Lienhoop, N.; Hansjürgens, B.;
Journal Ecological Economics
Year 2015
Department OEKON;
Volume 113
Language englisch;
POF III (all) T12;
Keywords Biodiversity; Economic valuation; Literature review; Biodiversity proxies; Multi-attribute valuation
UFZ wide themes RU6;
Abstract Biodiversity is a highly complex and abstract ecological concept. Even though it is not one physical entity, it influences human well-being in multiple ways, mostly indirectly. While considerable research effort has been spent on the economic valuation of biodiversity, it remains to be a particularly challenging ‘valuation object’. Valuation practitioners therefore have to use proxies for biodiversity, many of which are very simple (single species, habitats). This paper presents a comprehensive and critical review of biodiversity valuation studies with special emphasis on biodiversity valuation in order to depict the state-of-the-art in this research field. It develops evaluation criteria so as to identify best-practice applications and shows that the field of biodiversity valuation studies is rather heterogeneous regarding both valuation objects and valuation methods. On the basis of our evaluation criteria and best-practice studies we suggest that to account for the complexity and abstractness of biodiversity, multi-attribute approaches with encompassing information provision should be used that emphasise the roles biodiversity plays for human well-being.
ID 15899
Persistent UFZ Identifier http://www.ufz.de/index.php?en=20939&ufzPublicationIdentifier=15899
Bartkowski, B., Lienhoop, N., Hansjürgens, B. (2015):
Capturing the complexity of biodiversity: A critical review of economic valuation studies of biological diversity
Ecol. Econ. 113 , 1 - 14