New methods for valuing, and for identifying spatial variations, in cultural services: A case study of the Great Barrier Reef

Diane Jarvis, Natalie Stoeckl and Hong-Bo Liu

Ecosystem Services, 2017, vol. 24, issue C, 58-67

Abstract: Estimating values for ecosystem services (ES) can contribute to the decision making process, reducing the risk that ES benefits are overlooked. For ES with no (direct or indirect) links to markets, valuation is a non-trivial exercise. Traditional methods require the use of hypothetical markets; the life satisfaction (LS) approach does not. LS has previously been used to estimate the value of regulating ES, but to the best of our knowledge has never been used to estimate the value of cultural services (CS).

Keywords: Cultural services; Non-market valuation; Geographically weighted regression; Life satisfaction; Spatial analysis of life satisfaction; Great Barrier Reef (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoser:v:24:y:2017:i:c:p:58-67

DOI: 10.1016/j.ecoser.2017.02.012

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