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The understanding that the wellbeing of the universe is closely linked to the health of the ecosystem, prompts the planners to revisit the development agenda. This entails the need for technical inputs that support scientific decision-making process, especially in the field of natural resource management. This publication is an attempt towards this objective. The book adopts a systematic approach starting with the concept of ecosystem and ecosystem services, theoretical basis for assigning the value and the purpose of valuation. The classification of methods and detailed discussion on each method with specific examples and data set is furnished, later on. It is intended to be a reference and study material for Masters’ and Doctoral students and researchers in the field of environmental economics and resource economics.
1.ECOSYSTEM VALUATION:
CONCEPTS AND THEORETICAL BASIS
1.Introduction
1.1.Concept of Value and
valuation
1.2.Ecosystem and ecosystem
services
1.2.1.Ecosystem services
1.2.2.Types of values
1.3.Need for Ecosystem
valuation
1.4.Theoretical Basis of
Valuation
1.4.1 Consumer surplus
1.4.2 Compensating and
Equivalent variation
1.4.3. Revealed presences and
Stated preference theory
1.5.Conclusion
1.6.References
2.VALUATION METHODS
2.1. Ecosystem Valuation
Methods: Types of valuation in practice
2.1.1 Market price valuation
2.1.1.1.Economic Surplus
approach (ES)
2.1.2Non-market valuation
2.1.2.1. Proxy available
2.1.2.1.1. Direct Proxies:
2.1.2.1.1.1 Productivity
change methods
2.1.2.1.1.2 Cost of illness
method
2.1.2.1.1.3. Human Capital
cost method
2.1.2.1.1.4. Friction cost
method (FCM)
2.1.2.1.1.5. Substitute Cost
method (Alternate cost method)
2.1.2.1.1.6. Aid cost method
2.1.2.1.1.7. Replacement cost
method
2.1.2.1.2. Indirect Proxies
2.1.2.1.2.1. Travel Cost
Method
2.1.2.1.2.2. Hedonic Price
Method (HPM)
2.1.2.2. No Proxies
2.1.2.2.1 Contingent Valuation
Method (CVM)
2.1.2.2.2 Multi Attribute
models
2.1.2.2.2.1 Conjoint Analysis
2.1.2.2.2.2 Choice Modelling
2.1.3. Benefit Transfer
2.2. Conclusion
2.3.References
3.ECOSYSTEM VALUATION OF
IRRIGATION TANKS
3.1.Introduction
3.2. Tank irrigation in India
3.3.Multiple uses and
ecosystem services
3.4. Framework for Valuation
of tank ecosystem
3.5. Valuation of tank
ecosystem: An empirical analysis
3.5.1. Valuation of different
ecosystem services
3.6.Empirical results
3.6.1. Case study 1
3.6.2. Case study 2
3.7. Conclusion and Potential
policy options
3.8. References
4.VALUATION OF WATERSHED
ECOSYSTEMS : APPLICATION OF ECONOMIC SURPLUS METHOD
4.1. Watershed ecosystem
4.2. Methodology and Data
4.2.1.Meta Analysis
4.2.2. Indicators :
4.2.3. Case study
4.2.4. Sampling framework
4.2.5. Economic Surplus
Approach
4.2.5.1. Application of
Economic Surplus Method to Watershed Evaluation
4.2.6. Cost of Project
4.3. Watershed Development in
the Study Area
4.4. Results from Field
Studies
4.4.1. Meta Analysis
4.4.2. Case Studies
4.5.Conclusion and Policy
Suggestions
4.6.References
5.FORESTS ECOSYSTEM:
VALUATIONS
5.1 Forest Ecosystem: An
Introduction
5.2 Need for Valuation Forest
ecosystem
5.3 Valuation of Forest
Ecosystem
5.4 Conclusion
5.5 References
6. ENVIRONMENTAL BENEFITS OF
ECOTOURISM : AN APPLICATION OF TRAVEL COST METHOD
6.1 Eco-tourism
6.2 Why valuation of
eco-tourism
6.3 Travel cost method and its
application
6.4 Value of ecotourism
benefits
6.5 Conclusion and Policy
Implications
6.6 References
7. DEMAND FOR AND SUPPLY OF
ECOSYSTEM SERVICES: AN APPLICATION OF CVM
7.1. Introduction
7.2. Demand for Ecosystem
services
7.3. Supply of Ecosystem
services
7.4. Application of CVM
7.5. Results and Discussions
7.6. Conclusion
7.7. References
8. DEMAND FOR AND SUPPLY OF
ECOSYSTEM SERVICES: AN APPLICATION OF CHOICE EXPERIMENT
8.1. Introduction
8.2. Demand for Ecosystem
services
8.3. Supply of Ecosystem
services
8.4. Application of Choice
Experiment
8.5. Results and Discussions
8.6. Conclusion
8.7. References
9. QUALITATIVE TECHNIQUES FOR
VALUATION OF ECOSYSTEM SERVICES
10. SUMMARY, CONCLUSIONS AND
FUTURE DIRECTIONS
10.1.Synthesis from the
different cases
10.2.Future directions
LEXICON
REFERENCES
INDEX
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