Untying a Lancastrian bundle: valuing ecosystems and ecosystem services for wetland mitigation.
A utility-theoretic model indicates that mitigation prices for wetland ecosystems depend on preferences and technical knowledge. Empirical analysis found gaps in respondents' knowledge about such ecosystems. Valuing wetland types requires dealing with respondents' possible misinformation, by developing tools for informing respondents or by combining service-based valuations with valid technical data.
Hoehn
John P
JP
Department of Agricultural Economics, Agricultural Hall, Michigan State University, East Lansing, MI 48824, USA.
Lupi
Frank
F
Kaplowitz
Michael D
MD
D003247:Conservation of Natural Resources / Q000191:economics; D003657:Decision Making; D017753:Ecosystem; D017144:Focus Groups; D006801:Humans; D008824:Michigan; D008962:Models, Theoretical; D010781:Photography; D036301:Qualitative Research; D018505:Waste Management / Q000191:economics; D014867:Water; D014876:Water Pollution / Q000517:prevention & control
D014867:Water