Valuation
Gosselink, J.G., E.P. Odum and R.M. Pope 1974 The value of the tidal marsh. Center for Wetland Resources, Lousiana State University, Baton Rouge, Lousiana, USA. Georgia coast, USA Coastal wetlands Tidal Marsh Food Fish 1968 Benefit Transfer Annual 56.83423777 USD/ha/yr 159041 Georgia coast, USA Coastal wetlands Tidal Marsh Recreation Recreation 1968 Benefit Transfer Annual 140.8500675 USD/ha/yr 159041 Louisiana, USA Coastal wetlands Tidal Marsh Food Fish 1970 Benefit Transfer Annual 118.6105832 USD/ha/yr 890308 Florida, USA Coastal wetlands Tidal Marsh Food Fish 1970 Benefit Transfer Annual 185.3290362 USD/ha/yr 424920 USA Coastal wetlands Tidal Marsh Waste Water purification 1974 Replacement Cost Annual 185329.0362 USD/ha/yr income-capitaliza value 47215 Delaware, USA Coastal wetlands Tidal Marsh Waste Water purification 1966 Benefit Transfer Annual 652.3582075 USD/ha/yr Gupta, T.R. and J.H. Foster 1975 Economic criteria for freshwater wetland policy in Massachussetts. American Journal of Agricultural Economics 57(1): 40-45. Massachusetts, USA Coastal wetlands Tidal Marsh Recreation Hunting / fishing 1972 Contingent Valuation Annual 172.9737671 USD/ha/yr 3237.5 Inland Wetlands Swamps / marshes Water Water 1972 Direct market pricing Annual 128494.7984 USD/ha/yr water is available from a nonwetland source and that additional water will be needed in the future. Inland Wetlands Swamps / marshes Extreme events Flood prevention 1972 Avoided Cost Annual 3676.928078 USD/ha/yr based on the urban nature of the flood plain and the selection of wetland preservation over dam construction as the better of the two flood control alternatives. 3408.3 Inland Wetlands Swamps / marshes Cultural service Cultural values 1972 Contingent Valuation Annual 667.1845304 USD/ha/yr visual-cultural benefits are similar to the open space benefits and are associated, in the minds of the voters, with the typical land purchase decision. 634 Lynne, G.D., P. Conroy, and F.J. Pochasta 1981 Economic valuation of marsh areas to marine production processes. Journal of Environmental Economics and Management 8(2): 175-186. Florida, USA Coastal wetlands Tidal Marsh Nursery Nursery service 1975 Direct market pricing Annual 1.493535728 USD/ha/yr The difference between sales and expenditures, before payments are subtracted for labor and management, were $307,270 for the entire Florida blue crab fishery in 1975 205733 Thibodeau, F.R. and B.D. Ostro 1981 An economic analysis of wetland protection. Journal of Environmental Management 12: 19-30. Charles River Basin, Massachusetts, USA Inland Wetlands Swamps / marshes Water Water 1981 Avoided Cost Annual 248909.2509 USD/ha/yr 3454 Extreme events Flood prevention 1981 Avoided Cost Annual 82459.06584 USD/ha/yr 3454 Waste Waste treatment 1981 Replacement Cost Annual 41909.07272 USD/ha/yr 3454 Recreation Recreation 1981 Benefit Transfer Annual (Range) 50200 USD/ha/yr 3454 Aesthetic Attractive landscapes 1981 Hedonic Pricing Annual (Range) 781 USD/ha/yr 3454 TEV TEV 1981 Total Economic Value Annual (Range) 425000 USD/ha/yr 3454 Brookshire, D., M.A. Thayer, W.D. Schulze and R.C. D'Arge 1982 Valuing public goods: a comparison of survey and hedonic approach. American Economic Review 72(1): 165 -177. Los Angeles, California, USA Grasslands Grasslands Aesthetic Attractive landscapes 1982 Hedonic Pricing Annual (Range) 16.865 USD/month Farnworth, E.G., T.H. Tidrick, W.M. Smathers and C.F. Jordan 1983 A synthesis of ecological and economic theory toward more complete valuation of tropical moist forest. International Journal of Environmental Studies 21: 11-28. USA Tropical Forest Tropical forest general Medical Biochemicals 1979 Direct market pricing Annual 1468000000 USD/yr Walsh, R.G., J.B. Loomis and R.A. Gillman 1984 Valuing option, existence, and bequest demand for wilderness. Land Economics 60(1): 14-29. Colorado, USA Forests and Boreal Temperate forest general Genepool Biodiversity protection 1980 Contingent Valuation Annual (Range) 37.83801156 USD/ha/yr 485623 Gibbons, D.C. 1986 The economic value of water. Resources for the Future, Washington D.C., USA. Colorado, USA Fresh water Open water Energy Hydro-electricity 1980 Replacement Cost Annual (Range) 98.84215265 USD/ha/yr Tennessee, USA Fresh water Open water Energy Hydro-electricity 1980 Replacement Cost Annual (Range) 32.12369961 USD/ha/yr Columbia River, Washington, USA Fresh water Open water Energy Hydro-electricity 1980 Replacement Cost Annual (Range) 75.36714139 USD/ha/yr Washington State, USA Fresh water Open water Water Irrigation water 1980 Factor Income / Production Function Annual 1198.461101 USD/ha/yr the Irrigation water value for wheat, sugar beets and potatos California, USA Fresh water Open water Water Irrigation water 1980 Factor Income / Production Function Annual (Range) 1210.81637 USD/ha/yr the Irrigation water value for cotton and tomatoes Arizona, USA Fresh water Open water Water Irrigation water 1980 Factor Income / Production Function Annual 291.5843503 USD/ha/yr the Irrigation water value for grain sorghum, wheat, alfalfa and cotton New Mexico, USA Fresh water Open water Water Irrigation water 1980 Factor Income / Production Function Annual 341.0054266 USD/ha/yr the Irrigation water value for alfalfa, cotton and corn Texas, USA Fresh water Open water Water Irrigation water 1980 Factor Income / Production Function Annual 506.5660323 USD/ha/yr the Irrigation water value for grain sorghum, wheat and corn USA Fresh water Open water Water Industrial water 1980 Benefit Transfer Annual (Range) 19.76843053 USD/ha/yr USA Fresh water Open water Waste Waste treatment 1980 Benefit Transfer Annual (Range) 9.217030734 USD/ha/yr Farber, S. and R. Costanza 1987 The economic value of wetlands systems. Journal of Environmental Management 24: 41-51. Terrebonne, Louisiana, USA Coastal wetlands Tidal Marsh Extreme events Storm protection 1983 Avoided Cost Annual 1.087225105 USD/ha/yr 64752 Extreme events Storm protection 1983 Avoided Cost Annual 18.48282679 USD/ha/yr assume population growth of 1- 72% 64752 Food Fish 1983 Direct market pricing Annual (Range) 102.5450951 USD/ha/yr 263055 Recreation Recreation 1985 Travel Cost Annual 14.82579689 USD/ha/yr 263055 Farber, S. 1987 The value of coastal wetlands for protection of property against hurricane wind damage. Journal of Environmental Economics and Management 14(2): 143-151. Louisiana gulf coast, USA Coastal wetlands Tidal Marsh Extreme events Storm protection 1980 Avoided Cost Annual 0.983417642 US$/ha/yr 64750 Costanza, R., S. C. Farber, and J. Maxwell 1989 Valuation and management of wetlands ecosystems. Ecological Economics 1(4): 335-361. Louisiana, USA Coastal wetlands Tidal Marsh Food Fish 1983 Direct market pricing Annual 62.66370151 USD/ha/yr Discounting at 8% gives a present value per acre of $317. Discounting at 3% gives a present value per acre of $845. 5665800 Raw materials Other Raw 1983 Direct market pricing Annual 29.75043242 USD/ha/yr At a 8% discount, this generates a present value of $151 per acre; at 3%, a present value of $401 per acre. 5665800 Extreme events Flood prevention 1983 Avoided Cost Annual 317.0249568 USD/ha/yr the present discounted value (at 8%) of increased expected property damages lies between $2.1 and $3.1 million. 18146 Recreation Recreation 1983 Travel Cost Annual 10.82782919 USD/ha/yr this amounts to $46 per acre of estuarine area using a 8% discount rate, and $181 per acre using a 3% discount rate. 360183 TEV TEV 1983 Total Economic Value Annual (Range) 23976.83398 USD/ha/yr total present value of an average acre of natural wetlands in Louisiana are US $2429-6400 per acre (assuming an 8% discount rate) to $8977-17000 per acre (assuming a 3% discount rate). 12950 Bell, F.W. 1989 Application of wetland valuation theory to Florida fisheries. Sea Grant Publication. SGR-95. Florida Sea Grant Program No. 95. Florida State University, USA. Florida, USA Coastal wetlands Tidal Marsh Food Fish 1994 Direct market pricing Annual 1426.22093 USD/ha/yr Recreation Hunting / fishing 1994 Direct market pricing Annual 1506.961501 USD/ha/yr Amacher, G.S., R.J. Brazee, J.W. Bulkley and R.A. Moll 1989 Application of Wetland Valuation Techniques: Examples from Great Lakes Coastal Wetlands. University of Michigan, School of Natural Resources Great Lakes Coastal Wetlands, USA Inland Wetlands Swamps / marshes Aesthetic Attractive landscapes 2007 Hedonic Pricing Annual 83.22 USD/ha/yr Bergstrom, J.C., J.R. Stoll, J.P. Titre and V.L. Wright 1990 Economic value of wetlands-based recreation. Ecological Economics 2: 129-147. Louisiana gulf coast, USA Coastal wetlands Tidal Marsh Recreation Hunting / fishing 1987 Contingent Valuation Annual 110.03 USD/ha/yr assumes that recreationists do not have previous rights to the current amount of wetlands in the study area. 1320000 Lant, C.L. and R.S. Roberts 1990 Greenbelts in the cornbelt: riparian wetlands, instrinsic values and market failure. Environment and Planning A 22(10): 1375-1388. USA Inland Wetlands Floodplains Waste Waste treatment 1994 Contingent Valuation Annual 324.0913495 USD/ha/yr Recreation Recreation 1994 Contingent Valuation Annual 324.0913495 USD/ha/yr Bell, F.W. and V.R. Leeworthy 1990 Recreational demand by tourists for saltwater beach days. Journal of Environmental Economics and Management 18(3): 189-205. Florida’s beaches, USA Coastal Shores Recreation Tourism 1990 Travel Cost Annual 21663728.81 US$/ha/yr 1096 Barrow, C.J. 1991 Land degradation. Cambridge University Press, Cambridge, UK. Central grasslands, USA Grasslands Grasslands Erosion Erosion prevention 2007 Direct market pricing Annual 37.82 USD/ha/yr Kramer, R.A., R. Healy and R. Mendelsohn 1992 Forest valuation. In: Sharma, N.P. (ed), "Managing the world's forests: looking for balance between conservation and development". Kendall/Hunt Publishing Company, Iowa, USA. USA Tropical Forest Tropical forest general Raw materials Timber 1989 Benefit Transfer Annual 26 USD/ha/yr 35000000 Lake Pend Oreille, Idaho, USA Tropical Forest Tropical forest general Recreation Recreation 1984 Benefit Transfer Annual 9412 USD/yr Coreil, P.D. 1993 Wetlands functions and values in Louisiana. Louisiana Sea Grant publication, USA Louisiana, USA Coastal wetlands Salt water wetlands Nursery Nursery service 2007 Direct market pricing Annual 102.33 USD/ha/yr Gren, I.M. and T. Soderqvist 1994 Economic valuation of wetlands: a survey. Beijer International Institute of Ecological Economics. Beijer Discussion Paper series No. 54, Stockholm, Sweden. USA Coastal wetlands Salt water wetlands Recreation Recreation 1993 Benefit Transfer Annual (Range) 4034 USD/ha/yr Provisioning service Provisioning values 1993 Benefit Transfer Total Economic Value 66.6 USD/ha/yr TEV TEV 1993 Benefit Transfer Total Economic Value 6471.5 USD/ha/yr Richer, J. 1995 Willingness to pay for desert protection. Contemporary Economic Policy 13: 93-104. California, USA Desert Desert TEV TEV 1993 Contingent Valuation Annual (Range) 258 USD/ha/yr Hoagland, P., Y. Kaoru and J.M. Broadus 1995 A methodological review of net benefit evaluation for marine reserves. Environmental Economics Series No. 027. The World Bank, Washington, D.C., USA. Florida, USA Coral Reefs Coral reefs Recreation Tourism 1994 Direct market pricing Annual 1287 USD/ha/yr Pimentel, D., C. Harvey, P. Resosudarmo, K. Sinclair, D. Kurz, M. McNair, S. Crist, P. Sphpritz, L. Fitton, R. Saffouri and R. Blair 1995 Environmental and economic costs of soil erosion and conservation benefits. Science 267: 1117-1123. USA Cultivated Croplands Erosion Erosion prevention 1992 Replacement Cost Annual 106.25 USD/ha/yr 160000000 Soil fertility Maintenance of soil structure 1992 Replacement Cost Annual 168.75 USD/ha/yr 160000000 Erosion Erosion prevention 1992 Mitigation and Restoration Cost Annual 40 USD/ha/yr 160000000 US Department of Commerce 1995 Census of Agriculture. Bureau of Census, Washington D.C.. Central grasslands, USA Grasslands Grasslands Food Food 1994 Direct market pricing Annual 57.04 USD/ha/yr Farber, S. 1996 Welfare loss of wetlands disintegration: a Louisiana study. Contemporary Economic Policy 14: 92-106 Louisiana, USA Coastal wetlands Salt water wetlands Recreation Recreation 2007 Contingent Valuation Annual 39.36 USD/ha/yr Sala, O.E. and J.M. Paruelo 1997 Ecosystem services in grasslands. In: Daily, G. (ed), "Ecosystem services: their nature and value" Island Press, Washington, D.C., USA. Eastern Colorado, USA Grasslands Grasslands Climate C-sequestration 1995 Benefit Transfer Annual 1.2 USD/ha/yr Eastern Colorado, USA Grasslands Grasslands Climate Gas regulation 1997 Avoided Cost Annual 0.05 USD/ha/yr Eastern Colorado, USA Grasslands Grasslands Climate Gas regulation 1997 Avoided Cost Annual 0.6 USD/ha/yr USA Grasslands Grasslands Erosion Erosion prevention 1992 Benefit Transfer Annual 100 USD/ha/yr 440000000 Costanza, R., R. d'Arge, R. de Groot, S. Farber, M. Grasso, B. Hannon, K. Limburg, S. Naeem, R.V. O'Neill, J. Paruel, R.G. Raskin, P. Sutton and M. van den Belt 1997 The value of the world's ecosystem service and natural capital. Nature 387: 253-260. USA Inland Wetlands Swamps / marshes Extreme events Flood prevention 1994 Avoided Cost Annual 3341.319018 USD/ha/yr Bell, F.W. 1997 The economic valuation of saltwater marsh supporting marine recreational fishing in the southeastern United States. Ecological Economics 21(3): 243-254. East Coasts of Florida, USA Coastal wetlands Tidal Marsh Recreation Hunting / fishing 1984 Factor Income / Production Function Annual 15989.62194 US$/ha/yr Average willingness to pay per day for all recreational fishing. It is assumed that this estimate will not vary greatly between estuarine as opposed to non-estuarine dependent species. 38803 West Coasts of Florida, USA Coastal wetlands Tidal Marsh Recreation Hunting / fishing 1984 Factor Income / Production Function Annual 2424 US$/ha/yr Average willingness to pay per day for all recreational fishing. It is assumed that this estimate will not vary greatly between estuarine as opposed to non-estuarine dependent species. 174533 Postel, S. and S. Carpenter 1997 Freshwater ecosystem services. In: G. Daily (ed), "Ecosystem services: their nature and value." Island Press, Washington, D.C., USA. USA Fresh water Open water Recreation Recreation 1994 Direct market pricing Annual (Range) 230 USD/ha/yr Leschine, T.M., K.F. Wellman and T,H. Green (1997) 1997 The economic value of wetlands: Wetlands' role in flood protection in Western Washington. Washington State Department of Ecology. Ecology Publication no. 97-100. Washington State, USA Inland Wetlands Swamps / marshes Water flows Drainage 2007 Replacement Cost Annual 8483.59 USD/ha/yr Loomis, J. and E. Ekstrand 1998 Alternative approaches for incorporating respondent uncertainty when estimating willingness-to-pay: The case of the Mexican spotted owl. Ecological Economics 27(1): 29-41. USA Forests and Boreal Temperate forest general Genepool Biodiversity protection 2000 Contingent Valuation Annual 4400 USD/ha/yr 1861554 Loomis, J., P. Kent, L. Strange, K. Fausch and A. Covich 2000 Measuring the total economic value of restoring ecosystem services in an impaired river basin: results from a contingent valuation survey. Ecological Economics 33(1): 103-117. South Platte River, Denver, CO, USA Fresh water Rivers Various Various 2000 Contingent Valuation Annual (Range) 1.923817777 USD/ha/yr The avearge WTP for the restoration of South Platte river for the increased ecosystem services of dilution of wastewater, natural purification of water, erosion control, habitat for fish and wildlife, and recreation along 45 miles of the river. 23309900 Rausser, G.C. and A.A. Small 2000 Valuing research leads: bioprospecting and the conservation of genetic resources. UC Berkeley: Berkeley Program in Law and Economics. Journal of Political Economy 108(1): 173-206. California Floristic Province, USA Woodlands Meditarranean woodlands Medical Bioprospecting 2000 Factor Income / Production Function Annual 0 US$/ha/yr 24600000 Kreuter, U.P., H.G. Harris, M.D. Matlock and R.E. Lacey 2001 Change in ecosystem service values in the San Antonio area, Texas. Ecological Economics 39: 333-346. San Antonio, TX, USA Grasslands Grasslands TEV TEV 1997 Benefit Transfer Annual 232 USD/ha/yr 27896 Forests and Boreal Temperate forest general TEV TEV 1997 Benefit Transfer Annual 302 USD/ha/yr 44654 Cultivated Croplands TEV TEV 1997 Benefit Transfer Annual 92 USD/ha/yr 13047 Cesar, H., P. van Beukering, S. Pintz and J. Dierking 2002 Economic valuation of the coral reefs of Hawaii. Report for NOAA. Cesar Environmental Economics Consulting. Arnhem, the Netherlands. Kona Coast, Hawaii, Hawaii, USA Coral Reefs Coral reefs TEV TEV 2000 Total Economic Value Annual 7274.753242 USD/ha/yr 2430 Kihei Coast Maui, Hawaii, USA Coral Reefs Coral reefs TEV TEV 2000 Total Economic Value Annual 35113.53382 USD/ha/yr 800 Hanauma Bay, Oahu, Hawaii, USA Coral Reefs Coral reefs TEV TEV 2000 Total Economic Value Annual 916310.028 USD/ha/yr 41 Hanauma Bay, Oahu, Hawaii, USA Coral Reefs Coral reefs Recreation Tourism 2000 Direct market pricing Annual 883628.2223 USD/ha/yr The total recreational value was divided by the area of Hanauma Bay, OahuThe total recreational value was divided by the area of Hanauma Bay, Oahu 41 Hanauma Bay, Oahu, Hawaii, USA Coral Reefs Coral reefs Genepool Biodiversity protection 2000 Contingent Valuation Annual 27072.24198 USD/ha/yr The total Biodiversity value was divided by the area of Hanauma Bay, Oahu 41 Hanauma Bay, Oahu, Hawaii, USA Coral Reefs Coral reefs Ornamental Pets and captive animanls 2000 Direct market pricing Annual 243.8940719 USD/ha/yr The total Fishery value was divided by the area of Hanauma Bay, Oahu 41 Hanauma Bay, Oahu, Hawaii, USA Coral Reefs Coral reefs Cognitive Education 2000 Direct market pricing Annual 5365.669581 USD/ha/yr 41 Kihei Coast Maui, Hawaii, USA Coral Reefs Coral reefs Recreation Tourism 2000 Direct market pricing Annual 10025.29517 USD/ha/yr 800 Kihei Coast Maui, Hawaii, USA Coral Reefs Coral reefs Aesthetic Attractive landscapes 2000 Direct market pricing Annual 22825.67204 USD/ha/yr 800 Kihei Coast Maui, Hawaii, USA Coral Reefs Coral reefs Genepool Biodiversity protection 2000 Contingent Valuation Annual 2137.562935 USD/ha/yr 800 Kihei Coast Maui, Hawaii, USA Coral Reefs Coral reefs Ornamental Pets and captive animanls 2000 Direct market pricing Annual 125.0036804 USD/ha/yr 800 Kona Coast, Hawaii, Hawaii, USA Coral Reefs Coral reefs Recreation Tourism 2000 Direct market pricing Annual 3316.431625 USD/ha/yr 2430 Kona Coast, Hawaii, Hawaii, USA Coral Reefs Coral reefs Aesthetic Attractive landscapes 2000 Direct market pricing Annual 1839.261708 USD/ha/yr 2430 Kona Coast, Hawaii, Hawaii, USA Coral Reefs Coral reefs Genepool Biodiversity protection 2000 Contingent Valuation Annual 1789.885554 USD/ha/yr 2430 Kona Coast, Hawaii, Hawaii, USA Coral Reefs Coral reefs Ornamental Pets and captive animanls 2000 Direct market pricing Annual 288.0275605 USD/ha/yr 2430 Kaiser, B. and J. Roumasset 2002 Valuing indirect ecosystem services: the case of tropical watersheds. Environment and Development Economics 7: 701-714. Ko’olau Watershed, Hawaii, USA Tropical Forest Tropical forest general Waste Water purification 2000 Replacement Cost Annual 1022 USD/ha/yr Johnston, R.J., G. Magnusson, M.J. Mazzotta and J.J. Opaluch 2002 The economics of wetland ecosystem restoration and mitigation: combining economic and ecological indicators to Prioritize Salt Marsh Restoration Actions. American Journal of Agricultural Economics 84: 1362-1370. Narragansett Bay, Rhode Island, USA Coastal wetlands Tidal Marsh Nursery Nursery service 2007 Factor Income / Production Function Annual 2243.47 USD/ha/yr Cesar, H. and P. van Beukering 2004 Economic valuation of the coral reefs of Hawaii. Pacific Science 58(2), 231-242 Hawaii, Coral reefs, USA Coral Reefs Coral reefs Cognitive Science / Research 2007 Direct market pricing Annual 120.87 USD/ha/yr Hughes, Z. 2006 Ecological and economic assessment of potential eelgrass expansion at Sucia Island, WA. Echo Bay, San Juan Islands, USA Coastal Seagrass/algae beds Energy Energy other 2005 Direct market pricing Annual 648 US$/ha/yr 12 Washington State, USA Coastal Seagrass/algae beds Food Fish 2005 Factor Income / Production Function Annual 1712 US$/ha/yr 40630 Echo Bay, San Juan Islands, USA Coastal Seagrass/algae beds Climate C-sequestration 2005 Replacement Cost Annual 452 US$/ha/yr 12 Corzine, J.S. and L.P. Jackson 2007 Valuing New Jersey’s natural capital: an assessment of the economic value of the state’s natural resources. State of New Jersey, Department of Environmental protection, Report (part I). New Jersey, USA. New Jersey, USA Multiple Ecosystems Multiple ecosystems Various Various 2004 Total Economic Value Total Economic Value 8845.48312 USD/ha/yr Include ecosystem goods come from abiotic sorces. Eg. Mineral deposits 2261041 Phillips, S., R. Silverman and A. Gore 2008 Greater than zero: toward the total economic value of Alaska's National Forest wildlands. The Wilderness Society, Washington, D.C., USA. Tongass and Chugach National Forests, Alaska, USA Forests and Boreal Temperate forest general Genepool Biodiversity protection 2006 Benefit Transfer Annual 23.07353828 USD/ha/yr 8498913 Recreation Recreation 2006 Direct market pricing Annual 11.17789973 USD/ha/yr 8498913 Cognitive Science / Research 2006 Benefit Transfer Annual 0.008236347 USD/ha/yr 8498913 TEV TEV 2006 Total Economic Value Annual 82.71645797 USD/ha/yr 8498913