Economics, Trade and Incentive Measures

ID 111965
Submitting Entity Marsden Jacob Associates Financial & Economic Consultants
Main Information
Title Literature Review of the Economic Value of Ecosystem Services that Wetlands Provide
Description Most if not all applicable economic valuation techniques require advanced technical skills to achieve, and non-use valuation methods (especially contingent valuation and choice modelling) require careful preparation and execution to develop robust results. These types of studies tend to dominate the literature, but have proven difficult to incorporate into policy decisions. The existing body of economic research is a useful start, but is insufficient to present a detailed and accurate data set of the economic values of Australian wetland ecosystem services. It may be that within a guiding Commonwealth framework, a broader strategic set of economic values can be collected over time using defensible techniques, for use in policy formation and investment decisions.
Web Link /doc/case-studies/inc/cs-inc-es-wetlands.pdf
Additional Information
Authors Kym Whiteoak and Jim Binney (2012)
Countries Australia
Regions Western Europe and Others
Incentive Measures Economic Valuation
Keywords Ecosystem Services
Wetlands ecosystems