The Crowding Out of Complex Social Goods

Stoeckl, Natalie and Hicks, Christina and Farr, Marina and Grainger, Daniel and Esparon, Michelle and Thomas, Joseph and Larson, Silva (2018) The Crowding Out of Complex Social Goods. Ecological Economics, 144. pp. 65-72. ISSN 0921-8009

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The valuation of ecosystem services to inform natural resource management and development has gained acceptance in many arenas. Yet, contemporary economic valuation is constrained to the appraisal of simple goods that generate benefits that accrue to individuals, neglecting complex goods that generate benefits that accrue to society more broadly. Methodological barriers to the valuation of complex social goods have led to their frequent omission from natural resource management deliberations. The prevailing valuation paradigm that focuses on simple individual goods may erode conservation efforts by crowding out the institutions and behaviours that support socially constructed ecosystem service values. Erosion of these values ultimately harms the environment and society as a whole. The institutionalisation of appropriate methods for estimating the value of complex social goods alongside existing methods for valuing simple individual goods within international conservation, development and policy-making discourses, is therefore an important evolution for sustainable natural resource management.

Item Type:
Journal Article
Journal or Publication Title:
Ecological Economics
Additional Information:
This is the author’s version of a work that was accepted for publication in Ecological Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Ecological Economics, 144, 2018 DOI: 10.1016/j.ecolecon.2017.07.021
Uncontrolled Keywords:
?? non-market valuationcost benefit analysisindividual welfaresocial welfareenvironmental science(all)economics and econometrics ??
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Deposited On:
20 Mar 2018 14:34
Last Modified:
03 Jan 2024 00:21