Rights statement: This is the author’s version of a work that was accepted for publication in Ecological Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Ecological Economics, 144, 2018 DOI: 10.1016/j.ecolecon.2017.07.021
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Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - The Crowding Out of Complex Social Goods
AU - Stoeckl, Natalie
AU - Hicks, Christina
AU - Farr, Marina
AU - Grainger, Daniel
AU - Esparon, Michelle
AU - Thomas, Joseph
AU - Larson, Silva
N1 - This is the author’s version of a work that was accepted for publication in Ecological Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Ecological Economics, 144, 2018 DOI: 10.1016/j.ecolecon.2017.07.021
PY - 2018/2
Y1 - 2018/2
N2 - The valuation of ecosystem services to inform natural resource management and development has gained acceptance in many arenas. Yet, contemporary economic valuation is constrained to the appraisal of simple goods that generate benefits that accrue to individuals, neglecting complex goods that generate benefits that accrue to society more broadly. Methodological barriers to the valuation of complex social goods have led to their frequent omission from natural resource management deliberations. The prevailing valuation paradigm that focuses on simple individual goods may erode conservation efforts by crowding out the institutions and behaviours that support socially constructed ecosystem service values. Erosion of these values ultimately harms the environment and society as a whole. The institutionalisation of appropriate methods for estimating the value of complex social goods alongside existing methods for valuing simple individual goods within international conservation, development and policy-making discourses, is therefore an important evolution for sustainable natural resource management.
AB - The valuation of ecosystem services to inform natural resource management and development has gained acceptance in many arenas. Yet, contemporary economic valuation is constrained to the appraisal of simple goods that generate benefits that accrue to individuals, neglecting complex goods that generate benefits that accrue to society more broadly. Methodological barriers to the valuation of complex social goods have led to their frequent omission from natural resource management deliberations. The prevailing valuation paradigm that focuses on simple individual goods may erode conservation efforts by crowding out the institutions and behaviours that support socially constructed ecosystem service values. Erosion of these values ultimately harms the environment and society as a whole. The institutionalisation of appropriate methods for estimating the value of complex social goods alongside existing methods for valuing simple individual goods within international conservation, development and policy-making discourses, is therefore an important evolution for sustainable natural resource management.
KW - Non-market valuation
KW - Cost benefit analysis
KW - Individual welfare
KW - Social welfare
U2 - 10.1016/j.ecolecon.2017.07.021
DO - 10.1016/j.ecolecon.2017.07.021
M3 - Journal article
VL - 144
SP - 65
EP - 72
JO - Ecological Economics
JF - Ecological Economics
SN - 0921-8009
ER -