Topic 4.2: Market, Government and Human Values

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Content

Topic Introduction

Conducting an integrative ecosystem services assessment involve different stakeholders who would be affected by the process. How ecosystem services translate to the values dictated or expected by the market, the government, and the consumers are important to be considered. This topic shows examples on how ecosystem services could be valued in such categories.

By the end of this topic, you should be able to:

  • Describe market-value approaches.
  • Differentiate opportunity cost from the production function approach.
  • Enumerate and explain the two types of human value approaches.
  • Explain how the market, human, and government values affect one another in an integrative ecosystem services assessment.

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