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Valuing Environmental Functions: Tropical Wetlands

Edward B. Barbier
Land Economics
Vol. 70, No. 2 (May, 1994), pp. 155-173
DOI: 10.2307/3146319
Stable URL: http://www.jstor.org/stable/3146319
Page Count: 19
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Valuing Environmental Functions: Tropical Wetlands
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Abstract

Recent studies have suggested that tropical wetland systems may have a crucial economic role to play in development. The following paper provides an overview of these benefits, using the general framework of cost-benefit analysis as the methodological approach to assessing wetland values. An analysis of trade-offs between conserving or converting tropical wetlands demonstrates that taking into account the opportunity cost of wetland loss leads to a lower level of conversion than would otherwise be the case. Finally, the paper discusses the extensions and limitations of the production function approach as applied to valuing nonmarketed wetland benefits.

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