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From the same journal

Twenty thousand sterling under the sea: Estimating the value of protecting deep-sea biodiversity

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Twenty thousand sterling under the sea : Estimating the value of protecting deep-sea biodiversity. / Jobstvogt, Niels; Hanley, Nick; Hynes, Stephen; Kenter, Jasper; Witte, Ursula.

In: Ecological Economics, Vol. 97, 01.2014, p. 10-19.

Research output: Contribution to journalShort surveypeer-review

Harvard

Jobstvogt, N, Hanley, N, Hynes, S, Kenter, J & Witte, U 2014, 'Twenty thousand sterling under the sea: Estimating the value of protecting deep-sea biodiversity', Ecological Economics, vol. 97, pp. 10-19. https://doi.org/10.1016/j.ecolecon.2013.10.019

APA

Jobstvogt, N., Hanley, N., Hynes, S., Kenter, J., & Witte, U. (2014). Twenty thousand sterling under the sea: Estimating the value of protecting deep-sea biodiversity. Ecological Economics, 97, 10-19. https://doi.org/10.1016/j.ecolecon.2013.10.019

Vancouver

Jobstvogt N, Hanley N, Hynes S, Kenter J, Witte U. Twenty thousand sterling under the sea: Estimating the value of protecting deep-sea biodiversity. Ecological Economics. 2014 Jan;97:10-19. https://doi.org/10.1016/j.ecolecon.2013.10.019

Author

Jobstvogt, Niels ; Hanley, Nick ; Hynes, Stephen ; Kenter, Jasper ; Witte, Ursula. / Twenty thousand sterling under the sea : Estimating the value of protecting deep-sea biodiversity. In: Ecological Economics. 2014 ; Vol. 97. pp. 10-19.

Bibtex - Download

@article{a25b2aa90c834e139b3a0c63f7e07bda,
title = "Twenty thousand sterling under the sea: Estimating the value of protecting deep-sea biodiversity",
abstract = "The deep-sea includes over 90% of the world's oceans and is thought to be one of the most diverse ecosystems in the world. It supplies society with valuable ecosystem services, including the provision of food, the regeneration of nutrients and the sequestration of carbon. Technological advancements in the second half of the 20th century made large-scale exploitation of mineral, hydrocarbon and fish resources possible. These economic activities, combined with climate change impacts, constitute a considerable threat to deep-sea biodiversity. Many governments, including that of the UK, have therefore decided to implement additional protected areas in their waters of national jurisdiction. To support the decision process and to improve our understanding for the acceptance of marine conservation plans across the general public, a choice experiment survey asked Scottish households for their willingness-to-pay for additional marine protected areas in the Scottish deep-sea. This study is one of the first to use valuation methodologies to investigate public preferences for the protection of deep-sea ecosystems. The experiment focused on the elicitation of economic values for two aspects of marine biodiversity: (i) the existence value for deep-sea species and (ii) the option value of deep-sea organisms as a source for future medicinal products.",
keywords = "Choice experiment, Deep-sea biodiversity, Economic value, Existence value, Marine protected areas, Option value",
author = "Niels Jobstvogt and Nick Hanley and Stephen Hynes and Jasper Kenter and Ursula Witte",
year = "2014",
month = jan,
doi = "10.1016/j.ecolecon.2013.10.019",
language = "English",
volume = "97",
pages = "10--19",
journal = "Ecological Economics",
issn = "0921-8009",
publisher = "Elsevier",

}

RIS (suitable for import to EndNote) - Download

TY - JOUR

T1 - Twenty thousand sterling under the sea

T2 - Estimating the value of protecting deep-sea biodiversity

AU - Jobstvogt, Niels

AU - Hanley, Nick

AU - Hynes, Stephen

AU - Kenter, Jasper

AU - Witte, Ursula

PY - 2014/1

Y1 - 2014/1

N2 - The deep-sea includes over 90% of the world's oceans and is thought to be one of the most diverse ecosystems in the world. It supplies society with valuable ecosystem services, including the provision of food, the regeneration of nutrients and the sequestration of carbon. Technological advancements in the second half of the 20th century made large-scale exploitation of mineral, hydrocarbon and fish resources possible. These economic activities, combined with climate change impacts, constitute a considerable threat to deep-sea biodiversity. Many governments, including that of the UK, have therefore decided to implement additional protected areas in their waters of national jurisdiction. To support the decision process and to improve our understanding for the acceptance of marine conservation plans across the general public, a choice experiment survey asked Scottish households for their willingness-to-pay for additional marine protected areas in the Scottish deep-sea. This study is one of the first to use valuation methodologies to investigate public preferences for the protection of deep-sea ecosystems. The experiment focused on the elicitation of economic values for two aspects of marine biodiversity: (i) the existence value for deep-sea species and (ii) the option value of deep-sea organisms as a source for future medicinal products.

AB - The deep-sea includes over 90% of the world's oceans and is thought to be one of the most diverse ecosystems in the world. It supplies society with valuable ecosystem services, including the provision of food, the regeneration of nutrients and the sequestration of carbon. Technological advancements in the second half of the 20th century made large-scale exploitation of mineral, hydrocarbon and fish resources possible. These economic activities, combined with climate change impacts, constitute a considerable threat to deep-sea biodiversity. Many governments, including that of the UK, have therefore decided to implement additional protected areas in their waters of national jurisdiction. To support the decision process and to improve our understanding for the acceptance of marine conservation plans across the general public, a choice experiment survey asked Scottish households for their willingness-to-pay for additional marine protected areas in the Scottish deep-sea. This study is one of the first to use valuation methodologies to investigate public preferences for the protection of deep-sea ecosystems. The experiment focused on the elicitation of economic values for two aspects of marine biodiversity: (i) the existence value for deep-sea species and (ii) the option value of deep-sea organisms as a source for future medicinal products.

KW - Choice experiment

KW - Deep-sea biodiversity

KW - Economic value

KW - Existence value

KW - Marine protected areas

KW - Option value

UR - http://www.scopus.com/inward/record.url?scp=84887648732&partnerID=8YFLogxK

U2 - 10.1016/j.ecolecon.2013.10.019

DO - 10.1016/j.ecolecon.2013.10.019

M3 - Short survey

AN - SCOPUS:84887648732

VL - 97

SP - 10

EP - 19

JO - Ecological Economics

JF - Ecological Economics

SN - 0921-8009

ER -