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| Tekijä: | Howarth, R. B. Farber, S. |
| Otsikko: | Accounting for the value of ecosystem services |
| Lehti: | Ecological Economics
2002 : JUN, VOL. 41:3, p. 421-430 |
| Asiasana: | ECOLOGY SERVICE ENVIRONMENT VALUATION ACCOUNTING |
| Kieli: | eng |
| Tiivistelmä: | A 'value of ecosystem services' (VES) may be calculated by multiplying a set of ecosystem services by a set of corresponding shadow prices. This paper examines the role of the VES concept in measuring trends in human well-being. Under conventional arguments from applied welfare economics, standard measures of market consumption may be extended to include the value of direct environmental services, which affect welfare in ways that are not mediated by the consumption of purchased goods. The VES concept does not capture values such as ecological sustainability and distributional fairness that are not reducible to individual welfare. And its operationalization is constrained by the well-known limitations of nonmarket valuation methods. |
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