Pricing ecological services: Willingness to pay for drought mitigation from watershed protection in eastern Indonesia
Abstract
In this study we estimate local economic values of ecological services provided by
protected forest watersheds in Ruteng Park in eastern Indonesia. Our use of contingent
valuation (CV) methodology for pricing drought mitigation benefits to local farmers
extends previous work by deriving measures of willingness to pay in terms of incremental
agricultural profits. On the basis of the theoretical and content validity of estimated
models we find that CV can be used to value complex ecological services in a rural
developing country setting. The estimated parameters provide policy and management
information regarding the economic magnitude and spatial distribution of the value
of drought mitigation.
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https://hdl.handle.net/10161/6746Published Version (Please cite this version)
10.1029/2000WR900320Publication Info
(2001). Pricing ecological services: Willingness to pay for drought mitigation from watershed
protection in eastern Indonesia. Water Resources Research, 37(3). pp. 771-778. 10.1029/2000WR900320. Retrieved from https://hdl.handle.net/10161/6746.This is constructed from limited available data and may be imprecise. To cite this
article, please review & use the official citation provided by the journal.
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Show full item recordScholars@Duke
Randall Kramer
Professor Emeritus of Environmental Economics
Before coming to Duke in 1988, he was on the faculty at Virginia Polytechnic Institute
and State University. He has held visiting positions at IUCN--The World Conservation
Union, the Economic Growth Center at Yale University, and the Indonesian Ministry
of Forestry. He has served as a consultant to the World Bank, World Health Organization
and other international organizations. He was named Duke University's Scholar Teacher
of the Year in 2004.
Kramer's research is focused on the econ
Subhrendu K. Pattanayak
Oak Foundation Distinguished Professor of Environmental and Energy Policy
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