|
AgEcon Search >
Australian Agricultural and Resource Economics Society >
2008 Conference (52nd), February 5-8, 2008, Canberra, Australia >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/6024
|
| Title: | Dynamic Contingent Valuation and Choice Modelling for Ecosystem Services |
| Authors: | Hertzler, Greg |
| Authors (Email): | Hertzler, Greg (greg.hertzler@uwa.edu.au) |
| Keywords: | Non market valuation
ecosystem services
Lancaster demand
welfare analysis
analytical solutions |
| JEL Codes: | Q57
Q51
Q56 |
| Issue Date: | 2008 |
| Series/Report no.: | Conference Paper |
| Abstract: | Non market valuation and bio economic modelling are combined in a dynamic
model of ecosystem services. A mathematical proof demonstrates that the imputed
price of natural capital contains all non market values and that scarcity rent is the
total value of ecosystem services. A dynamic demand system, including
characteristics is derived. New methods are developed for dynamic welfare analysis
and both revealed and stated preference methods are proposed for estimating the price
of natural capital. Estimation is simple if we avoid surveying consumers who degrade
the ecosystem and instead consult owners who accrue the scarcity rent and conserve
for the future. |
| URI: | http://purl.umn.edu/6024 |
| Institution/Association: | Australian Agricultural and Resource Economics Society - 2008>2008 Conference (52nd), February 5-8, 2008, Canberra, Australia |
| Total Pages: | 50 |
| Collections: | 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia
|
Files in This Item:
| File |
Description |
Size | Format |
|---|
| cp08he01.pdf | | 508Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
