2012
DOI: 10.1016/j.jfe.2012.07.001
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Non-market valuation of forest goods and services: Good practice guidelines

Abstract: The European COST Action E45 on European Forest Externalities (EUROFOREX) participants developed a set of good practice guidelines for the non-market valuation of forests, elaborating on stated and revealed preference methodologies, as well as benefit transfer and meta-analytical procedures. This article presents a summary of the guidelines

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Cited by 68 publications
(54 citation statements)
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“…These methods can be divided into two main groups: contingent valuation and choice modelling techniques. Contingent valuation surveys ask participants their 'willingness to act' or 'willingness to pay' for changes, whereas choice modelling surveys present participants with several alternatives and elicit preference values from them (Riera et al 2012). Surveys are typically designed so that the answers to the questions can be designed as a choice experiment, contingent ranking, rating or grouping (Brown 2003;Riera et al 2012).…”
Section: Introductionmentioning
confidence: 99%
“…These methods can be divided into two main groups: contingent valuation and choice modelling techniques. Contingent valuation surveys ask participants their 'willingness to act' or 'willingness to pay' for changes, whereas choice modelling surveys present participants with several alternatives and elicit preference values from them (Riera et al 2012). Surveys are typically designed so that the answers to the questions can be designed as a choice experiment, contingent ranking, rating or grouping (Brown 2003;Riera et al 2012).…”
Section: Introductionmentioning
confidence: 99%
“…The satiation of user's preferences regarding monocultures could lead to a higher preference of higher levels of tree species composition (Riera et al, 2012). Biodiversity per se has a high welfare economic value and people have shown a high WTP for this (e.g.…”
mentioning
confidence: 99%
“…To assess the services in a comprehensive way, different means may be profitably combined: (a) deriving ESs from the analysis of landscape structures and processes; (b) seeking the advice of experts; (c) involving stakeholders and the public at large (Figure 3). Among the drawbacks imputed to economic valuation of ESs, we can find limitations due to the fact that it neglects social issues such as fairness and equity in the use of resources; elements of subjectiveness implicit in the choice of the method of valuation; special difficulties when trying to estimate in monetary terms regulating and maintaining services [93,99,100]. Monetary valuation is definitely not applicable when dealing with non-instrumental subjective values (such as spiritual values, identity, cultural heritage) or non-substitutable natural objects with inherent value [101].…”
Section: Ecosystem Services Assessment and Valuationmentioning
confidence: 99%