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Publication Information

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Title: Restoration and economics: A union waiting to happen?

Author: Robbins, Alicia S.T.; Daniels, Jean M.

Date: 2012

Source: Restoration Ecology. 20(1): 10-17

Publication Series: Scientific Journal (JRNL)

Description: In this article, our objective is to introduce economics as a tool for the planning, prioritization, and evaluation of restoration projects. Studies that develop economic estimates of public values for ecological restoration employ methods that may be unfamiliar to practitioners. We hope to address this knowledge gap by describing economic concepts in the context of ecological restoration. We have summarized the most common methods for estimating the costs and benefits of restoration projects as well as frameworks for decision analysis and prioritization. These methods are illustrated in a review of the literature as it applies to terrestrial restoration in the United States, with examples of applications of methods to projects. Our hope is that practitioners will consider collaborating with economists to help ensure that restoration costs and benefits are identified and understood.

Keywords: benefits, costs, economics, ecosystem services, nonmarket valuation, restoration

Publication Notes:

  • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
  • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

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Citation:


Robbins, Alicia S.T.; Daniels, Jean M. 2012. Restoration and economics: A union waiting to happen? Restoration Ecology. 20(1): 10-17.

 


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