Ecological Economic Decision Support Modelling for the Integrated Coastal Zone Management of Coral Reefs

Ecological Economic Decision Support Modelling for the Integrated Coastal Zone Management of Coral Reefs

Primary Country: Caribbean
Ecosystem: coral reef
Sample Value Estimates:
(a) To achieve a target average coral cover of 14% and diversity of 50% for Curacao, an initial investment of 310 million NAF or US$174 million, with a yearly operation and maintenance cost of 6 million NAF or US$3.4 million would be required (b) US$8.93 million is median NPV from all local use values for the Montego Bay Marine Park, Jamaica assuming a 10% discount rate (c) US$4.5 million as estimated total Willingness to Pay in Curacao, 1998 (d) US $20 million as estimated total WTP for Montego Bay, 1998 (e) US$22,500 per percent change in coral reef abundance as marginal value of reef for bioprospecting for Montego Bay, 1999 (f) US$153 million estimated present value cost for a 20% increase in coral abundance for Montego Bay, 1999 (g) US$470 million estimated total benefit attributed to Montego Bay marine park
Methodology: cost-effectiveness analysis models, contingent valuation
Region: Americas

Publication information

Gustavson K. Huber, R.M. “Ecological Economic Decision Support Modelling for the Integrated Coastal Zone Management of Coral Reefs” In: H.S.J. Cesar (ed.). Collected Essays on the Economics of Coral Reefs. CORDIO, Kalmar University, Sweden. p. 183-202, 2000

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