Ecosystems, contingent valuation and ethics: the case of wetland re-creation

This paper addresses a current issue in environmental valuation, namely, the extent to which environmental preferences depart from the usual economic paradigm to incorporate some lexicographic elements. After a theoretical discussion the paper reviews attempts to explore this question empirically by supplementing contingent valuation analyses with an exploration of the motives behind willingness-to-pay responses, including zero bids and refusals to answer. This is followed by the presentation of new evidence investigating respondents willingness to pay for the creation of a wetland taken from 713 personal interviews of the British public. © 2000 Elsevier Science B.V. All rights reserved.

[1]  Michael Lockwood,et al.  Non‐Compensatory Preference Structures in Non‐Market Valuation of Natural Area Policy , 1996 .

[2]  Dee Alexander Brown,et al.  Bury My Heart at Wounded Knee: An Indian History of the American West , 1970 .

[3]  Peter E. Earl.  Lifestyle economics : consumer behavior in a turbulent world , 1986 .

[4]  M. Sagoff,et al.  The Economy of the Earth: Acknowledgments , 2007 .

[5]  T. Page.  Ecology, policy and politics: Human wellbeing and the natural world : John O'Neill. Routledge, London-New York, 1993, 227 pp. ISBN 0-415-07299-9, 0-415-07300-6 (pbk) , 1995 .

[6]  S. F. Edwards.  ETHICAL PREFERENCES AND THE ASSESSMENT OF EXISTENCE VALUES: DOES THE NEOCLASSICAL MODEL FIT? , 1986 .

[7]  Michael Lockwood,et al.  Integrated value assessment using paired comparisons , 1998 .

[8]  N. Georgescu-Roegen.  Choice, Expectations and Measurability , 1954 .

[9]  Ståle Navrud,et al.  Pricing the European environment , 1992 .

[10]  R. Turner.  Wetland Conservation: Economics and Ethics , 1988 .

[11]  David S. Brookshire,et al.  An experiment on the economic value of visibility , 1980 .

[12]  C. Spash.  Investigating Individual Motives for Environmental Action: Lexicographic Preferences, Beliefs and Attitudes , 1998 .

[13]  Peter E. Earl.  Microeconomics for Business and Marketing: Lectures, Cases and Worked Essays , 1995 .

[14]  E. Malinvaud.  Lectures on Microeconomic Theory , 1972 .

[15]  Peter C. Fishburn,et al.  LEXICOGRAPHIC ORDERS, UTILITIES AND DECISION RULES: A SURVEY , 1974 .

[16]  C. Spash,et al.  Protecting sites of special scientific interest: intrinsic and utilitarian values , 1993 .

[17]  M. Sagoff.  The Economy of the Earth: Philosophy, Law, and the Environment , 1988 .

[18]  Willett Kempton,et al.  Ethics and Values in Environmental Policy: The Said and the UNCED , 1993 .

[19]  A. C. Pigou.  Economics of welfare , 1920 .

[20]  Ronald J. Glass,et al.  MEASURING THE EXISTENCE VALUE OF WILDLIFE - WHAT DO CVM ESTIMATES REALLY SHOW , 1991 .

[21]  Stavros A. Drakopoulos,et al.  Hierarchical Choice in Economics , 1994 .

[22]  Robert Goodland,et al.  Ecological sustainability and integrity : concepts and approaches , 1998 .

[23]  Amartya Sen,et al.  On Ethics and Economics , 1988 .

[24]  D. Collard,et al.  Economics, Growth and Sustainable Environments , 1988 .

[25]  M. Lockwood.  Integrated value theory for natural areas , 1997 .

[26]  W. Adamowicz,et al.  Forestry and the environment : economic perspectives , 1993 .

[27]  D. Vandeveer,et al.  People, Penguins, and Plastic Trees: Basic Issues in Environmental Ethics , 1994 .

[28]  K. G. Willis,et al.  Environmental Valuation: New Perspectives , 1995 .

[29]  Clive L. Spash,et al.  Ethics and environmental attitudes with implications for economic valuation , 1997 .

[30]  T. Stevens,et al.  MEASURING THE EXISTENCE VALUE OF WILDLIFE - REPLY , 1993 .

[31]  N. Hanley,et al.  Preferences, information and biodiversity preservation , 1995 .

[32]  J. Muellbauer,et al.  Economics and consumer behavior , 1980 .

[33]  Martin O'Connor,et al.  Pathways for environmental evaluation: a walk in the (Hanging) Gardens of Babylon☆ , 2000 .

[34]  Robert Costanza,et al.  Valuation and management of wetland ecosystems , 1989 .

[35]  John M. Gowdy,et al.  The Value of Biodiversity: Markets, Society, and Ecosystems , 1997 .