Discounting, amenity values, and marine ecosystem restoration

Marine Resource Economics

Volumn 21, Issue 2, 2006, Pages 211-219

  Berman, Matthew ^a   Sumaila, Ussif Rashid ^b  

^a UNIVERSITY OF ALASKA ANCHORAGE   (United States)

^b UNIVERSITY OF BRITISH COLUMBIA   (Canada)

Author keywords

Capital investment; Discounting; Ecosystem restoration; Ecosystem services; Net benefit; Utility

Indexed keywords

EID: 34447510489     PISSN: 07381360     EISSN: None     Source Type: Journal    
DOI: 10.1086/mre.21.2.42629505     Document Type: Article

References (40)

1. Arrow, K.J. 1979. The Trade-Off between Growth and Equity. Theory for Economic Efficiency: Essays in honor of Abba P. Lerner. H.I. Greenfield, A.M. Levenson, W.H. and E. Rotwein, eds., Cambridge, MA: M.I.T. Press.
2. Arrow, K.J., P. Dasgupta, and K. Maler. 2003. Evaluating Projects and Assessing Sustainable Development in Imperfect Economies. Environmental and Resource Economics 26(4) (Special Issue):647-85. (Pubitemid 38092586)
3. Baumol, W.J. 1952. Welfare Economics and the Theory of the State. Cambridge, MA: Harvard University Press.
4. Bockstael, N.E., K.E. McConnell, and I.E. Strand. 1989. A Random Utility Model for Sportfishing: Some Preliminary Results for Florida. Marine Resource Economics 6(3):245-60.
5. Böhm-Bawerk, E.V. 1889. The Positive Theory of Capital, 1923 Reprint of 1891 Smart Translation. New York, NY: Stechert.
6. Breffle, W.S., and E.R. Morey. 2000. Investigating Preference Heterogeneity in a Repeated Discrete-Choice Recreation Demand Model of Atlantic Salmon Fishing. Marine Resource Economics 15(1):1-20.
7. Burton, P.S. 1993. Intertemporal Preferences and Intergenerational Equity Considerations in Optimal Resource Harvesting. Journal of Environmental Economics and Management 24:119-32.
8. Carson, R.T., R.C. Mitchell, M. Hanemann, R.J. Kopp, S. Presser, and P.A. Ruud. 2003. Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill. Environmental and Resource Economics 25(3):257-86. (Pubitemid 36854603)
9. Chichilnisky, G. 1996. An Axiomatic Approach to Sustainable Development. Social Choice and Welfare 13:219-48.
10. Clark, C.W. 1973. The Economics of Overexploitation. Science 181:630-34.
11. Costanza, R., R. d'Arge, R. de Groot, S. Farber, M. Grasso, B. Hannon, K. Limburg, S. Naeem, R.V. O Neill, J. Paruelo, R.G. Raskin, P. Sutton, and M. van den Belt. 1997. The Value of the World's Ecosystem Services and Natural Capital. Nature 387:253-60.
12. Daily, G.C., ed. 1997. Nature's Services: Societal Dependence on Natural Ecosystems. Washington, DC: Center for Resource Economics, Island Press.
13. Dasgupta, P. 2001. Human Well-Being and the Natural Environment. Oxford: Oxford University Press.
14. Davis, D., and C.A. Tisdell. 1999. Tourist Levies and Willingness to Pay for a Whale Shark Experience. Tourism Economics 5(2):161-74. (Pubitemid 29481070)
15. Eggert, H. 1998. Bioeconomic Analysis and Management: The Case of Fisheries. Environmental and Resource Economics 11(3-4 1998):399-411.
16. Fisher, I. 1930. The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest it. 1954 Reprint. New York, NY: Kelley and Millman.
17. Freeman, A.M. 1995. The Benefits of Water Quality Improvements for Marine Recreation: A Review of the Empirical Evidence. Marine Resource Economics 10(4):385-406. (Pubitemid 126056324)
18. Gillig, D., T. Ozuna, and W.L. Griffin, W.L. 2000. The Value of the Gulf of Mexico Recreational Red Snapper Fishery. Marine Resource Economics 15(2):127-39.
19. Goulder, L.H., and R.N. Stavins. 2002. Discounting: An Eye on the Future. Nature 419:673-74.
20. Gowdy, J.M. 1996. Discounting, Hierarchies, and the Social Aspects of Biodiversity Protection. International Journal of Social Economics 23(4-5-6):49-63. (Pubitemid 27071039)
21. Heal, G.M. 1997. Discounting and Climate Change. Climate Change 37:335-43.
22. Holmlund, C.M., and M. Hammer. 1999. Ecosystem Services Generated by Fish Populations. Ecological Economics 29(2):253-68. (Pubitemid 29303109)
23. Kaoru, Y. 1995. Measuring Marine Recreation Benefits of Water Quality Improvements by the Nested Random Utility Model. Resource and Energy Economics 17(2):119-36. (Pubitemid 26432189)
24. Koopmans, T.C. 1960. Stationary Ordinal Utility and Impatience. Econometrica 28:287-309.
25. Moberg, F., and C. Folke. 1999. Ecological Goods and Services of Coral Reef Ecosystems. Ecological Economics 29(1-2):215-33. (Pubitemid 29303107)
26. Naidoo, R., and W. Adamowicz. 2005. Biodiversity and Nature-Based Tourism at Forest Reserves in Uganda. Environment and Development Economics 10:159-78. (Pubitemid 40518252)
27. Nordhaus, W.D. 1997. Discounting in Economics and Climate Change: An Editorial Comment. Climatic Change 37:351-28.
28. Nunes, P., A.L.D. van den Bergh, and C.J.M. Jeroen. 2004. Can People Value Protection Against Invasive Marine Species? Evidence from a Joint TC-CV Survey in the Netherlands. Environmental and Resource Economics 28(4):517-32. (Pubitemid 39058998)
29. Schelling, T.C. 1995. Intergenerational Discounting. Energy Policy 23:395-401. (Pubitemid 26432835)
30. Sen, A.K. 1961. On Optimising the Rate of Saving. Economic Journal 71:479-96.
31. Settle, C., and J.F. Shogren. 2004. Hyperbolic Discounting and Time Inconsistency in a Native-Exotic Species Conflict. Resource and Energy Economics 26(2) (Special Issue):255-74. (Pubitemid 38398467)
32. Solomon, B.D., C.M. Corey-Luse, and K.E. Halvorsen. 2004. The Florida Manatee and Eco-tourism: Toward a Safe Minimum Standard. Ecological Economics 50(1-2):101-15. (Pubitemid 39348032)
33. Sumaila, U.R. 2004. Intergenerational Cost Benefit Analysis and Marine Ecosystem Restoration. Fish and Fisheries 5:329-43. (Pubitemid 40047642)
34. Sumaila, U.R., and C. Walters. 2005. Intergenerational Discounting: A New Intuitive Approach. Ecological Economics 52:135-42. (Pubitemid 40191439)
35. Tisdell, C.A. 1983. Economic Problems in Managing Australia's Marine Resources. Economic Analysis and Policy 13(2):113-41.
36. Reprinted in Tisdell, C.A., Economics and Ecology in Agriculture and Marine Production: Bioeconomics and Resource Use. Cheltenham, U.K. and Northampton, Mass.: Elgar, 2003.
37. van Beukering, P., H. Cesar, and M. Janssen. 2003. Economic Valuation of the Leuser National Park on Sumatra, Indonesia. Ecological Economics 44:43-62. (Pubitemid 36264241)
38. Weitzman, M. 1994. On the 'Environmental' Discount Rate. Journal of Environmental Economics and Management 26:200-09.
39. -. 2001. Gamma Discounting. American Economic Review 91:260-71. (Pubitemid 33594480)
40. Yeo, B.H. 2002. Valuing a Marine Park in Malaysia. Valuing the Environment in Developing Countries: Case Studies. D. Pearce, C. Pearce, and C., Palmer, eds., pp. 311-26. Cheltenham, U.K. and Northampton, MA.: Elgar.