This paper presents an economic valuation of Ulu Temburong National Park, located on the island of Borneo, which has great potential as a repository of biodiversity and an ecotourism destination. The paper employed the contingent valuation (CV) method to estimate the willingness to pay (WTP) of...

This research advances the understanding of people's attitude towards water resources valuation. Specifically, it aims to improve confidence in the interpretation of people's willingness to pay (WTP) for water resources protection by enhancing understanding of value relationships. Primary data...

This study measures hypothetical bias in CVM-based estimates of willingness to support a forest protection and restoration program in Poland. It does so in two parallel ways: within- and between-subjects. To this end, participants are asked to vote in a referendum on an NGO-led reforestation...

There are now a large number of valuation studies on the benefits of biodiversity and on ecosystem services, the services provided by different ecosystems (ESS). Both ideas have been used to elicit values from nature but in recent years the research community has focussed on ESS as the main...

This paper reviews and discusses the existing methods for placing a value on the effects of chemicals on human health and the environment. It surveys both methods and non-market methods, discussing their advantage and limitations. For example, when valuing non-fatal illnesses, the...

This paper reviews and discusses existing methodologies for transferring and extrapolating the economic value of health and environmental impacts across chemicals, and identifies challenges with such value transfer and when it can be suitable. The value transfer methodologies describes can be...

Ecosystem conservation programs are increasingly incorporating both preservation and restoration strategies for ensuring the flow of ecosystem services from public lands. While preservation and restoration have similar end ecological objectives, differences in these conservation types may create...

To decide on the policy measures to be implemented, policymakers need comprehensive information on the costs and benefits of land conversion for society. Accordingly, the EU Biodiversity Strategy requires the member countries to assess their ecosystems and the economic value of their ecosystem...

The growing literature on ecosystem services suggests that these benefits are the direct or indirect contributions that ecosystems make to the well-being of human populations. Although the approach to valuing ecosystem services seems straightforward, in practice there are a number of challenges....

This chapter explores the theory and practice of measuring the economic costs and benefits of environmental changes that influence production, both in the context of firms and of households. The theory uses models of household and firm decision making to map the influence of environmental...