Valuing type and scope of ecosystem conservation: A meta-analysis

Hjerpe, Evan E.; Hussain, Anwar; Phillips, Spencer

doi:10.1016/j.jfe.2014.12.001

Cited by 18 publications

(17 citation statements)

References 52 publications

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“…The mean WTP for 50% old-growth preservation (US$147 2012) is consistent with the mean preservation values found in a meta-analysis (Hjerpe et al 2015) of global ecosystem conservation (US$131 2010). Estimation results based on random parameter logit show that household WTP varies depending on the attribute and specific level.…”

Section: Discussionsupporting

confidence: 82%

“…A recent meta-analysis (Hjerpe et al 2015) of international willingness to pay for ecosystem conservation on public lands found strong economic value for forest preservation, watershed restoration, and forest restoration. Reviewing the 22 primary studies included in the meta-analysis, however, shows that the attributes offered to survey participants were rarely in the form of landscape units appropriate for planning.…”

Section: Literature Reviewmentioning

confidence: 99%

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Willingness to pay for ecosystem conservation in Alaska’s Tongass National Forest: a choice modeling study

Hjerpe¹,

Hussain²

2016

E&S

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ABSTRACT. Forest ecosystems contribute to human welfare in important ways, but because of the nonmarket nature of many of the goods and services produced, both markets and governments fail to optimize their production commensurate with their economic and ecological significance. Despite the recent proliferation of nonmarket environmental valuation in the literature, the incorporation of nonmarket values into public forest decision making has been limited by institutional and methodological barriers. To address this disconnect, we conducted a case study to quantify conservation values for the Tongass National Forest in a manner conducive for public forest planning. A choice experiment featuring proposed forest management alternatives with changes in critical attributes relative to their levels in the status quo was used to generate the requisite data. Econometric analysis suggests that Alaskans have strong preference for conservation management, including both preservation and ecological restoration, over status quo or exploitation management. However, there is significant heterogeneity among Alaskans in terms of bias toward the status quo depending on their socioeconomic characteristics, e.g., gender, age, place of residence, household income, whether or not they have dependent children. The findings of this study can be helpful to forest managers in the preparation of resource management plans consistent with maximization of total economic value of forest ecosystem services.

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Section: Discussionsupporting

confidence: 82%

Section: Literature Reviewmentioning

confidence: 99%

Willingness to pay for ecosystem conservation in Alaska’s Tongass National Forest: a choice modeling study

Hjerpe¹,

Hussain²

2016

E&S

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“…The latter also observe a negative effect of using donations to a fund as a payment vehicle, which we do not observe. The finding that using a tax as payment vehicle lowers environmental valuation estimates has also been observed in a meta-analysis of values of ecosystem conservation by Hjerpe et al (2015). We did not observe the finding in Brander and Koetse (2011) that dichotomous choice and payment card contingent valuation method approaches lower WTP, compared to an open-ended WTP question.…”

Section: Comparison With the Previous Meta-analysissupporting

confidence: 45%

Economic valuation of green and blue nature in cities: A meta-analysis

Bočkarjova

Botzen

Koetse

2020

Ecological Economics

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“…Nelson (2004) also conducts a meta-analysis of hedonic estimates of WTP for a reduction of noise from airports. More recently, Hjerpe et al (2015) estimate the value of ecosystem conservation by means of a meta-analysis combining different stated preference valuation studies whilst Bergeijk and Lazzaroni (2015) use a meta-analysis to analyse the macroeconomic impact of natural disasters. Siriwardena et al (2016) estimate the value of tree cover using a meta-analysis of hedonic studies undertaken in the US.…”

Section: Introductionmentioning

confidence: 99%

Is Flood Risk Capitalised Into Property Values?

Beltrán

Maddison

Elliott

2018

Ecological Economics

128

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Economic theory suggests that, other things being equal, properties located within a floodplain should suffer a price discount. A survey of the existing evidence nonetheless reveals that this price discount lies anywhere between −75.5 percent to a +61.0 percent price premium. The objective of this paper is to summarise and explore the wide variation in the empirical results to obtain 'best' estimates with which to guide policy decisions. Results from our meta-analysis comprising 37 published works and 364 point estimates indicate the existence of marked differences between studies according to when and where they were conducted. For coastal regions the results show that properties located in the floodplain command higher prices; this finding is however likely to be caused by a high correlation between omitted coastal amenities and flood risk. There is moreover, some evidence that publication bias affects the coastal flooding literature. Results from meta-regression analyses intended to uncover sources of heterogeneity confirm that controlling for time elapsed since the most recent flood is especially important. For inland flooding the price discount associated with location in the 100-year floodplain is −4.6 percent. Although other estimates are defensible, we suggest this figure be used as a rule of thumb to determine the benefits of flood relief projects to households.

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Valuing type and scope of ecosystem conservation: A meta-analysis

Cited by 18 publications

References 52 publications

Willingness to pay for ecosystem conservation in Alaska’s Tongass National Forest: a choice modeling study

Willingness to pay for ecosystem conservation in Alaska’s Tongass National Forest: a choice modeling study

Economic valuation of green and blue nature in cities: A meta-analysis

Is Flood Risk Capitalised Into Property Values?

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Valuing type and scope of ecosystem conservation: A meta-analysis

Cited by 18 publications

References 52 publications

Willingness to pay for ecosystem conservation in Alaska&#8217;s Tongass National Forest: a choice modeling study

Willingness to pay for ecosystem conservation in Alaska&#8217;s Tongass National Forest: a choice modeling study

Economic valuation of green and blue nature in cities: A meta-analysis

Is Flood Risk Capitalised Into Property Values?

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Product

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Willingness to pay for ecosystem conservation in Alaska’s Tongass National Forest: a choice modeling study

Willingness to pay for ecosystem conservation in Alaska’s Tongass National Forest: a choice modeling study