Journal
ECOLOGICAL ECONOMICS
Volume 111, Issue -, Pages 86-99Publisher
ELSEVIER
DOI: 10.1016/j.ecolecon.2015.01.006
Keywords
Shared values; Social values; Ecosystem services; Environmental valuation; Total Economic Value; Deliberation; Deliberative monetary valuation; Non-monetary valuation; Interpretive methods; Psychological methods; Decision-making
Funding
- UK Natural Environment Research Council (NERC)
- UK Department of the Environment, Food and Rural Affairs (Defra)
- Welsh Government
- NERC
- Economic and Social Research Council (ESRC)
- Arts and Humanities Research Council (AHRC)
- AHRC [AH/J006866/1, AH/I507655/1] Funding Source: UKRI
- Arts and Humanities Research Council [AH/J006866/1, AH/I507655/1] Funding Source: researchfish
- Chief Scientist Office [HERU1] Funding Source: researchfish
- Natural Environment Research Council [981240] Funding Source: researchfish
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Social valuation of ecosystem services and public policy alternatives is one of the greatest challenges facing ecological economists today. Frameworks for valuing nature increasingly include shared/social values as a distinct category of values. However, the nature of shared/social values, as well as their relationship to other values, has not yet been clearly established and empirical evidence about the importance of shared/social values for valuation of ecosystem services is lacking. To help address these theoretical and empirical limitations, this paper outlines a framework of shared/social values across five dimensions: value concept, provider, intention, scale, and elicitation process. Along these dimensions we identify seven main, non-mutually exclusive types of shared values: transcendental, cultural/societal, communal, group, deliberated and other-regarding values, and value to society. Using a case study of a recent controversial policy on forest ownership in England, we conceptualise the dynamic interplay between shared/social and individual values. The way in which social value is assessed in neoclassical economics is discussed and critiqued, followed by consideration of the relation between shared/social values and Total Economic Value, and a review of deliberative and non-monetary methods for assessing shared/social values. We conclude with a discussion of the importance of shared/social values for decision-making. (C) 2015 The Authors. Published by Elsevier B.V.
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