Valuing Estuarine Resource Services Using Economic and Ecological Models: The Peconic Estuary System Study
Abstract:This article summarizes four integrated economic studies undertaken to contribute to resource preservation and restoration decisions for the Peconic Estuary System of Suffolk County, NY. Completed as part of the National Estuary Program, the studies apply distinct resource valuation methods to a wide range of resource issues. The principal goals of this article are to highlight different methodologies that may be used to assess nonmarket economic values in a coastal management context, and characterize differences in the results that one may expect from each approach. We also emphasize potential relationships among values estimated by different nonmarket methodologies, and comment on the implications of these relationships for the interpretation and use of economic value estimates.
Document Type: Research Article
Publication date: January 1, 2002