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Economic Valuation of Services

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Landscape Planning with Ecosystem Services

Part of the book series: Landscape Series ((LAEC,volume 24))

Abstract

This chapter discusses the economic methods that can be used to derive monetary values for the different benefits provided by ecosystem services. It begins by considering the basis of valuation, particularly the importance of identifying the benefits involved. This leads on to a review of three main classes of techniques (i) market valuation, (ii) revealed preference methods and (iii) stated preference methods. Subsequent sections examine the challenges of transferring economic values from one setting to another and the current provision of databases and decision support tools to assist in valuation exercises.

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Author information

Authors and Affiliations

  1. School of Environmental Sciences, University of East Anglia, Norwich, UK

    Andrew A. Lovett

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  1. Andrew A. Lovett
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Correspondence to Andrew A. Lovett .

Editor information

Editors and Affiliations

  1. Institute of Environmental Planning, Leibniz University Hannover, Hannover, Germany

    Christina von Haaren

  2. School of Environmental Sciences, University of East Anglia, Norwich, UK

    Andrew A. Lovett

  3. Institute of Environmental Planning, Leibniz University Hannover, Hannover, Germany

    Christian Albert

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Lovett, A.A. (2019). Economic Valuation of Services. In: von Haaren, C., Lovett, A., Albert, C. (eds) Landscape Planning with Ecosystem Services. Landscape Series, vol 24. Springer, Dordrecht. https://doi.org/10.1007/978-94-024-1681-7_20

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