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...

Much contemporary socio-economic environmental policy evaluation is undertaken using decision utility based approaches such as choice modelling and contingent valuation. In this paper we describe an investigation into the use of the contrasting “experienced utility” concept to assess changes...

In recent times, there has been increasing demand in the Canterbury region of New Zealand for the abstraction of water from rivers. The impact of this demand has lead to unacceptable minimum river flows and has adversely affected river ecology. In an effort to resolve these issues dams have been...

This paper develops a systematic assessment of the sustainability of ecosystem services provided by rivers impacted by water storage projects. Given the conflicting preferences amongst stakeholders and the incomplete, uncertain and contradictory understanding about river ecology it is recognized...

The increase in greenhouse gas emissions and degradation of water quality and quantity in waterways due to dairy farming in New Zealand have become of growing concern. Compared to traditional sheep and beef cattle farming, dairy farming is more input intensive and more likely to cause such...

Wetlands are often refereed to as the ‘kidney of the river’, but what is the value of the water filtration they provide, and what is the cost of wetland destruction? This paper determines the economic value of wetlands for water filtration. It demonstrates that wetlands are of considerable...

Most ecosystem services (ES) are neither priced nor marketed. Resource managers may fail to take into account degradation of unpriced services in their resource management decisions. Being able to estimate values for ES is fundamental to designing policies to induce resource users to provide (or...