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Journal of Ocean and Coastal Economics

Document Type

Review

Abstract

At the federal level, particularly within the National Oceanic and Atmospheric Administration (NOAA), regulatory and programmatic needs have driven the continued development and application of non-market valuation approaches to marine and coastal resources. The evolution of these valuation approaches not only entails adopting the recommendations of the 1993 NOAA blue ribbon panel on contingent valuation, but also an expansion of stated preference approaches with increased use of stated preference choice experiments. Revealed preference approaches have also advanced with more sophisticated random utility models. We provide an overview of this evolution in the areas of natural resources damage assessment, protected resources, recreational fisheries, and coastal management. With the broad adoption of an ecosystem services approach to marine and coastal resource management, the demand for valuation of ecosystem services has grown and will continue to provide the impetus for more studies similar to those presented. Similar to what occurred initially as a result of the blue ribbon study, greater adoption of valuation estimates, particularly for non-use value, may be facilitated by guidance and standards from a high-level or highly respected authority.

La evolución de la valoración no basada en el mercado de recursos marinos y costeros de Estados Unidos

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Creative Commons License

Creative Commons Attribution 4.0 License
This work is licensed under a Creative Commons Attribution 4.0 License.

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