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Author:Curtis, I.A.
Title:Valuing ecosystem goods and services: a new approach using a surrogate market and the combination of a multiple criteria analysis and a Delphi panel to assign weights to the attributes
Journal:Ecological Economics
2004 : OCT, VOL. 50:3-4, p. 163-194
Index terms:Prices
Products
Service
Methodology
Delphi technique
Australia
Freeterms:Ecosystem
Language:eng
Abstract:A new approach to valuing ecosystem goods and services (EGS) is described which incorporates components of the economic theory of value, the theory of valuation (US-appraisal), a multi-model multiple criteria analysis (MCA) of ecosystem attributes, and a Delphi panel of experts to assign weights to the attributes. The total value of EGS in the various tenure categories in the Wet Tropics World Heritage Area (WTWHA) in Australia was found to be in the range AUD$ 188 to AUD$ 211 million year across tenures (June 2002). Application of the weightings assigned by the Delphi panelists and assessment of the ecological integrity of the various tenure categories resulted in values being derived for individual ecosystem services in the WHA. Biodiversity and refugia were the two attributes most highly ranked.
SCIMA record nr: 255818
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