Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 369208
Title To Value Functions or Services? An Analysis of Ecosystem Valuation Approaches
Author(s) Ansink, E.J.H.; Hein, L.G.; Per Hasund, K.
Source Environmental Values 17 (2008)4. - ISSN 0963-2719 - p. 489 - 503.
Department(s) Environmental Economics and Natural Resources Group
Environmental Systems Analysis Group
Publication type Refereed Article in a scientific journal
Publication year 2008
Keyword(s) ecological resources - policy - environment - integration - management - economics - systems
Abstract Monetary valuation of ecosystem services is a widely used approach to quantify the benefits supplied by the natural environment to society. An alternative approach is the monetary valuation of ecosystem functions, which is defined as the capacity of the ecosystem to supply services. Using two European case-study areas, this paper explores the relative advantages of the two valuation approaches. This is done using a conceptual analysis, a qualitative application, and an overall comparison of both approaches. It is concluded that both approaches can be defended on theoretical grounds, and - if properly applied - will provide the same value estimates. However, valuation of ecosystem services is preferred from a practical point of view. Because there is no one-to-one match between functions and services, researchers should be consistent in their valuation approach. To avoid overlooking or overlapping of values, valuation should either be solely based on functions, or solely based on services
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