Handbook on the Economics of Ecosystem Services and Biodiversity
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Handbook on the Economics of Ecosystem Services and Biodiversity

Edited by Paulo A.L.D. Nunes, Pushpam Kumar and Tom Dedeurwaerdere

In recent years, there has been a marked proliferation in the literature on economic approaches to ecosystem management, which has created a subsequent need for real understanding of the scope and the limits of the economic approaches to ecosystems and biodiversity. Within this Handbook, carefully commissioned original contributions from acknowledged experts in the field address the new concepts and their applications, identify knowledge gaps and provide authoritative recommendations.
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Chapter 22: A one-and-one-half bound contingent valuation survey to estimate the benefits of restoring a degraded coastal wetland ecosystem: the case study of Capo Feto, Italy

Giovanni Signorello, Joseph C. Cooper, Giuseppe Cucuzza and Maria De Salvo


Over the past few decades many efforts have been made to monetize ecosystem services provided by wetlands. An examination of existing literature reviews of wetland studies (Boyer and Polasky, 2004; MEA, 2005; Turner et al., 2008; Wilson and Liu, 2008; Kumar, 2010; Barbier, 2011; Ghermandi et al., 2012) and meta-analyses that have been produced to synthesize empirical findings (Brouwer et al., 1999; Woodward and Wui, 2001; Brander et al., 2006; Liu and Stern, 2008; Ghermandi et al., 2010) as well as the recent non-market valuation literature in general, reveal that the pool of available valuation studies is strongly unbalanced in terms of its geographical coverage. Although in recent years a significant shift in the geographical distribution of wetland valuation studies has been observed, the overwhelming majority of existing primary published and unpublished studies and reports that document economic values of wetlands come principally from North America (Ghermandi et al., 2010). Few primary studies exist to date that cover the Mediterranean region, despite Mediterranean wetlands providing many valuable marketed and non-marketed benefits, including those associated with delivering services of global importance (Signorello, 1998; Alberini et al., 2004, 2005; Birol et al., 2006; EEA, 2010). This chapter contributes to filling this empirical gap by reporting results of a contingent valuation study carried out to estimate benefits of restoring Capo Feto (Sicily), a degraded coastal wetland ecosystem, recently included in the Natura 2000 EU framework and in the Ramsar wetlands' list.

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