TY - JOUR
T1 - Economic valuation of biodiversity: A comparative study
AU - Nijkamp, P.
AU - Vindigni, G.
AU - Nunes, P.A.L.D.
PY - 2008
Y1 - 2008
N2 - In recent years, an intensive debate on the economic valuation of biodiversity has entered the environmental-economics literature. The present paper seeks to offer first a critical review of key concepts that are essential for a proper understanding of such evaluation issues. Particular attention is given here to various monetary valuation approaches and to comparative (i.e., meta-analytical) methods from the perspective of conservation and sustainable use of biodiversity. Several illustrative examples are presented in order to highlight the usefulness of the various approaches discussed. Next, an attempt is made to infer general findings and lessons from past applied research by means of meta-analysis. In this context, a multi-dimensional technique originating from the field of artificial intelligence is deployed. It allows us to identify the most important variables responsible for changes in economic estimates of biodiversity. © 2008 Elsevier B.V. All rights reserved.
AB - In recent years, an intensive debate on the economic valuation of biodiversity has entered the environmental-economics literature. The present paper seeks to offer first a critical review of key concepts that are essential for a proper understanding of such evaluation issues. Particular attention is given here to various monetary valuation approaches and to comparative (i.e., meta-analytical) methods from the perspective of conservation and sustainable use of biodiversity. Several illustrative examples are presented in order to highlight the usefulness of the various approaches discussed. Next, an attempt is made to infer general findings and lessons from past applied research by means of meta-analysis. In this context, a multi-dimensional technique originating from the field of artificial intelligence is deployed. It allows us to identify the most important variables responsible for changes in economic estimates of biodiversity. © 2008 Elsevier B.V. All rights reserved.
U2 - 10.1016/j.ecolecon.2008.03.003
DO - 10.1016/j.ecolecon.2008.03.003
M3 - Article
SN - 0921-8009
VL - 67
SP - 217
EP - 231
JO - Ecological Economics
JF - Ecological Economics
ER -