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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2717

Title: Valuing ecosystems : a methodological applying approach
Authors: Mendes, Isabel
Keywords: Ecosystem
Valuation
Total Economic Value
Utilitarian Discounting
Contingent Valuation Method
Issue Date: 2004
Publisher: ISEG – Departamento de Economia
Citation: Mendes, Isabel. 2004. "Valuing ecosystems : a methodological applying approach". Instituto Superior de Economia e Gestão - DE Working papers nº 11-2004/DE/CIRIUS
Series/Report no.: DE Working papers;nº 11-2004/DE/CIRIUS
Abstract: In this paper the ecosystem's valuation framework is described and discussed at a conceptual and formal level. Following utilitarianism and the capital asset analogy, one defines the concept of ecosystem value and how to quantify it by using individual preference based techniques rooted in welfare economics, namely stated individual preference techniques like Contingent Valuation. Several controversial questions arise when one tries to compute ecosystem's value by using utilitarianism and the capital asset analogy due to the particular ecosystem's natural specifics and the limitations of the economic theoretical framework. These controversial questions are enumerated, analysed, and the most commonly practitioner practices used to overcome the theoretical and technical difficulties of the appliance are assessed.
URI: http://hdl.handle.net/10400.5/2717
ISSN: 0874-4548
Publisher version: https://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=26412
Appears in Collections:CIRIUS - Documentos de Trabalho / CIRIUS - Working Papers
DE - Documentos de trabalho / Working Papers

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