@article{Hertzler:6024,
      recid = {6024},
      author = {Hertzler, Greg},
      title = {Dynamic Contingent Valuation and Choice Modelling for  Ecosystem Services},
      address = {2008},
      number = {419-2016-26588},
      series = {Conference Paper},
      pages = {50},
      year = {2008},
      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.},
      url = {http://ageconsearch.umn.edu/record/6024},
      doi = {https://doi.org/10.22004/ag.econ.6024},
}