Your English writing platform
Discover LudwigSuggestions(1)
Exact(10)
Despite increased interest in the implementation of green walls in urban areas and the recognised benefits of monetary valuation of ecosystem services, no studies have been undertaken to estimate the economic value of biodiversity they provide.
In particular the failure of monetary valuation to provide meaningful valuation instruments requires participation of a representative diversity of stakeholders in ESS research and governance to answer the question what people value, and how.
The debate on the relevance of monetary valuation of environmental goods has often hinged around the convergence of stated and revealed preferences, and in turn the actual money choices of respondents.
Among the strategies discussed is the crucial call to alter the way in which we calculate cost and profit so as to include some sort of monetary valuation of the depletion of natural capital and also some way of assessing impacts on individual and social well-being.
A more detailed description on the methodology of monetary valuation is provided elsewhere [ 34].
However, the accuracy and reliability requirements of monetary valuation results are much stricter for this purpose.
Similar(50)
This paper describes the results of a stated choice experiment designed to test the fungibility and consistency of monetary valuations in transport.
These asymmetrical structural relationships have important implications for the design and validity of monetary valuations and field auction experiments involving measurement of real payments for food product attributes.
We then show that in the context of our analysis, any trade-offs inferred on the basis of other trade-offs, as is common practice (e.g. inferring a safety vs time trade-off on the basis of monetary valuations for time and safety), produces biased results, suggesting that the assumption of fungibility does not hold.
If this is not possible, purchasing power parity (PPP), exchange rates and inflation factors could be used to assist interpretation of monetary valuations from other settings or times [ 19].
For example, most payments for ecosystem services (PES) are subsidy-like government compensations not based on monetary valuation of nature.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com