Pricing ecological services: Willingness to pay for drought mitigation from watershed protection in eastern Indonesia
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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.
Published Version (Please cite this version)10.1029/2000WR900320
Publication InfoKramer, Randall A; & Pattanayak, Subhrendu K (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 http://hdl.handle.net/10161/6746.
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Juli Plant Grainger Professor of Global Environmental Health
Randall Kramer is the Juli Plant Grainger Professor of Global Environmental Health in the Nicholas School of the Environment and deputy director of the Duke Global Health Institute. 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 t
Oak Foundation Environmental and Energy Policy Professor
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