Quantifying preferences for the natural world using monetary and nonmonetary assessments of value.

ABSTRACT: Given that funds for biodiversity conservation are limited, there is a need to understand people's preferences for its different components. To date, such preferences have largely been measured in monetary terms. However, how people value biodiversity may differ from economic theory, and there is little consensus over whether monetary metrics are always appropriate or the degree to which other methods offer alternative and complementary perspectives on value. We used a choice experiment to compare monetary amounts recreational visitors to urban green spaces were willing to pay for biodiversity enhancement (increases in species richness for birds, plants, and aquatic macroinvertebrates) with self-reported psychological gains in well-being derived from visiting the same sites. Willingness-to

SUBMITTER: Dallimer M 

PROVIDER: S-EPMC4232860 | biostudies-literature | 2014 Apr

REPOSITORIES: biostudies-literature