Why and how much are firms willing to invest in ecosystem services from tropical forests? A comparison of international and Costa Rican firms

Ecological Economics

Volumn 69, Issue 11, 2010, Pages 2127-2139

  Koellner, Thomas ^a,b   Sell, Joachim ^a   Navarro, Guillermo ^c  

^a ETH ZURICH   (Switzerland)

^b UNIVERSITY OF BAYREUTH   (Germany)

^c CATIE   (Costa Rica)

Author keywords

Business; Ecosystem services; Tropical forests; Willingness to Invest WTI

Indexed keywords

BIODIVERSITY; BUSINESS DEVELOPMENT; CARBON SEQUESTRATION; COMPARATIVE STUDY; DEMAND ANALYSIS; ECOLOGICAL ECONOMICS; ECOSYSTEM SERVICE; ENTREPRENEUR; ENVIRONMENTAL LEGISLATION; FOREST ECOSYSTEM; INDUSTRIAL INVESTMENT; QUESTIONNAIRE SURVEY; TROPICAL FOREST; WATERSHED; WILLINGNESS TO PAY;

COSTA RICA;

EID: 77956173458     PISSN: 09218009     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ecolecon.2010.05.010     Document Type: Article

References (34)

1. Adams C., Motta R.S., Ortiz R.A., Reid J., Aznar C.E., Sinisgalli P.A.D. The use of contingent valuation for evaluating protected areas in the developing world: economic valuation of Morro do Diabo State Park, Atlantic Rainforest, Sao Paulo State (Brazil). Ecological Economics 2008, 66:359-370.
2. Ajzen I. The theory of planned behavior. Organizational Behavior and Human Decision Processes 1991, 50:179-211.
3. Anonymus, 2004. MSCI World. www.msci.com, received 12th February 2004 via Telekurs (www.telekurs.ch).
4. Anonymus, 2005. Global Industry Classification Standard (GICS®). www.msci.com/equity/gics.html, received 10th March 2005.
5. Anonymus, 2006a. Directorio de Empresas Industria Costa Rica. www.empresas.co.cr, received February 2006.
6. Anonymus, 2006b. Páginas Amarillas Costa Rica. www.paginasamarillas.com, received February 2006.
7. Anonymus, 2006c. Superintendencia General de Entitades Financieras. www.sugef.fi.cr, received February 2006.
8. Arrow K.R. Foreword. Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation Method in the US, EU and Developing Countries 1999, Oxford University Press, Oxford, New York. I.J. Bateman, K.G. Willis (Eds.).
9. Batabyal A.A., Kahn J.R., O'Neill R.V. On the scarcity value of ecosystem services. Journal of Environmental Economics and Management 2003, 46:334-352.
10. Bateman I.J., Carson R.T., Day B., Hanemann M., Hanley N., Hett T., et al. Economic Valuation With Stated Preference Techniques. A Manual. Elgar 2002.
11. Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation Method in the US. EU and Developing Countries 1999, Oxford University Press, Oxford, New York. I.J. Bateman, K.G. Willis (Eds.).
12. Brander L., Florax R.J.G.M., Vermaat J.E. The empirics of wetland valuation: a comprehensive summary and a meta-analysis of the literature. Environmental & Resource Economics 2006, 33:223-250.
13. Bruijnzeel L.A. Hydrological functions of tropical forests: Not seeing the soil for the trees?. Agriculture, Ecosystems & Environment 2004, 104:185-228.
14. Carson R.T. Valuation of tropical rainforests: philosophical and practical issues in the use of contingent valuation. Ecological Economics 1998, 24:15-29.
15. Castro R., Tattenbach F., Gamez L., Olson N. The Costa Rican experience with market instruments to mitigate climate change and conserve biodiversity. Envrionmental Monitoring and Assessment 2000, 61:75-92.
16. Costanza R., et al. The value of the world's ecosystem services and natural capital. Nature 1997, 387:253-260.
17. Farley, J., 2009. Conservation through the economics lens. Environmental Management.. doi:10.1007/s00267-008-9232-1.
18. Nature's Services. Societal Dependence on Natural Ecosystems 1997, Island Press, Washington, D.C., Covelo, California. G.C. Daily (Ed.).
19. Engel S., Palmer C. Payments for environmental services as an alternative to logging under weak property rights: the case of Indonesia. Ecological Economics 2008, 65:799-809.
20. Gähwiler M., Gross B., Koellner T., Proctor W., Zilberman D. Marketing Ecosystem Services. Payments for Ecosystem Services 2009, 166-193. Oxford University Press, India. P. Kumar, R. Muradian (Eds.).
21. Koellner T., Sell J., Gahwiler M., Scholz R. Assessment of the management of organizations supplying ecosystem services from tropical forests. Global Environmental Change 2008, 18:746-757.
22. Loomis J., Kent P., Strange L., Fausch K., Covich A. Measuring the total economic value of restoring ecosystem services in an impaired river basin: results from a contingent valuation survey. Ecological Economics 2000, 33:103-117.
23. Lugo A.E., Brown S. Tropical forests as sinks of atmospheric carbon. Forest Ecology and Management 1992, 54:239-255.
24. Muñoz-Piña C., Guevara A., Torres J.M., Braña J. Paying for the hydrological services of Mexico's forests: analysis, negotiations and results. Ecological Economics 2008, 65:725-736.
25. O'Brien R.G. A general ANOVA method for robust tests of additive models for variances. Journal of the American Statistical Association 1979, 74:877-880.
26. Pagiola S. Paying for Water Services in Central America: Learning from Costa Rica. Selling Forest Environmental Services. Market-based Mechanisms for Conservation and Development 2002, Earthscan, London. S. Pagiola, J. Bishop, N. Landell-Mills (Eds.).
27. Pagiola S. Payments for environmental services in Costa Rica. Ecological Economics 2008, 65:712-724.
28. Sagoff M. Aggregation and deliberation in valuing environmental public goods: a look beyond contingent pricing. Ecological Economics 1998, 24:213-230.
29. Samuelson P.A. The pure theory of public expenditure. The Review of Economics and Statistics 1954, 36:387-390.
30. Sell J., Koellner T., Weber O., Pedroni L., Scholz R.W. Decision criteria of European and Latin American market actors for tropical forestry projects providing environmental services. Ecological Economics 2006, 58:17-36.
31. Sell J., Koellner T., Weber O., Proctor W., Pedroni L., Scholz R.W. Ecosystem services from tropical forestry projects - the choice of international market actors. Journal of Forest Policy and Economics 2007, 9:496-515.
32. Wattage P., Mardle S. Total economic value of wetland conservation in Sri Lanka identifying use and non-use values Wetlands. Ecology and Management 2008, 16:359-369.
33. Wunder S., Engel S., Pagiola S. Taking stock: a comparative analysis of payments for environmental services programs in developed and developing countries. Ecological Economics 2008, 65:834-852.
34. Ziltener, T.P.J., 2005. Modelling CO2-sink Potential of Tropical Forestry Projects, Department for Environmental Sciences, Diploma Thesis, ETH Zurich.