| Estimating the economic value of natural coastal wetlands : a cautionary note - :14157 | Sea Grant Publications
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Estimating the economic value of natural coastal wetlands : a cautionary note
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Filetype[PDF-1.04 MB]

  • Corporate Authors:
    Virginia Polytechnic Institute and State University, Department of Agricultural Economics, ; National Sea Grant Program (U.S.) ;
  • Description:
    Public involvement with the management and use of wetlands resources has stimulated interest in obtaining monetary evaluation of the nonmarket ecological services of wetlands in order to better weigh the benefits and costs of altering wetlands. The most prominent study to date that evaluates wetlands is Gosselink, Odum and Pope's (GOP) The Value of the Tidal Marsh. There are, however, serious problems with that study that have not been recognized by the current users of those estimates. This report is a critique of the methodology used in the Value of the Tidal Marsh; it identifies the major conceptual errors in the methodology and demonstrates that there is reason to be skeptical of the estimates of the economic value of marshland.

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  • Funding:
    Funding: NOAA Office of Sea Grant; grant number: 04-6-158-44086; grant number: 04-7-158-44086;
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