Publication Details |
| Category | Text Publication |
| Reference Category | Reports |
| URL | http://hdl.handle.net/10419/144178 |
| Document | publication document |
| Title (Primary) | Are diverse ecosystems more valuable? A conceptual framework for economic valuation of biodiversity |
| Author | Bartkowski, B. |
| Journal | UFZ Discussion Papers |
| Year | 2016 |
| Department | OEKON |
| Volume | 9/2016 |
| Page To | 21 |
| Language | englisch |
| Keywords | biodiversity; ecological system; economic goods; economic value; sustainability; economic valuation; insurance value; option value; TEV |
| UFZ wide themes | RU6; |
| Abstract | Biodiversity is an important environmental public good. However, the literature suggests that it is not clear how its economic value should be estimated; there is no established framework for doing this. This paper summarises concepts of biodiversity value from the ecological and economic literatures and combines them to a comprehensive and consistent framework. It is argued that biodiversity is the main carrier of insurance value, option value and spill-over value, and also influences the aesthetic appreciation of ecosystems. On that basis, an extension of the TEV framework is proposed to incorporate biodiversity values better. Furthermore, a number of specific challenges of biodiversity as an economic good are identified and used as criteria to inform the choice of suitable valuation methods. |
| Persistent UFZ Identifier | https://www.ufz.de/index.php?en=20939&ufzPublicationIdentifier=18083 |
| Bartkowski, B. (2016): Are diverse ecosystems more valuable? A conceptual framework for economic valuation of biodiversity UFZ Discussion Papers 9/2016 Helmholtz-Zentrum für Umweltforschung - UFZ, Leipzig, 21 pp. |
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