What are shared and social values of ecosystems?

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  • J.O. Kenter
  • L. O'Brien
  • N. Hockley
  • N. Ravenscroft
  • I. Fazey
  • K.N. Irvine
  • M.S. Reed
  • M. Christie
  • E. Brady
  • R. Bryce
  • A. Church
  • N. Cooper
  • A. Davies
  • A. Evely
  • M. Everard
  • R. Fish
  • J.A. Fisher
  • N. Jobstvogt
  • C. Molloy
  • J. Orchard-Webb
  • S. Ranger
  • M. Ryan
  • V. Watson
  • S. Williams
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.
Original languageEnglish
Pages (from-to)86-99
JournalEcological Economics
Publication statusPublished - 6 Feb 2015

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