Decision Making for Sustainable Use and Development - Coastal Lagoons: Ecosystem Processes and Modeling for Sustainable Use and Development - page 337

TOTAL ECONOMIC VALUE

USE VALUE NON-USE VALUE

Existence
Value

Bequest
Value

Option
Value

Indirect
Use Value

Direct Use
Value

Benefits in Terms of
Economic Production
Support

Output in Terms of Economic
Commodities

Environmental Control Services
Water Quality/Quantity
Flood and Erosion Control
Ecological System Integrity and
Biodiversity Preservation

Market Value
Output of
Commercial
Commodities

Non-Market Value
Output of Non-Market
Goods

Lagoon floral, faunal, and other resource harvest:
Commercial and Non-Commercial (Personal)
Harvest of Lagoon Resources, i.e., Shell Fish and
Fin Fish, Salt and Mineral Extraction, Water Usage

Recreation and Tourism: i.e.,
Boating, Swimming, Hunting,
Fishing, Nature Appreciation,
Nature Photography, etc.

Global Linkages

Regional Impacts to Socio-Economic
and Ecological Systems

FIGURE 8.3 Economic valuation of a lagoon. (Modified from Kulshreshtha, 1999.)

and therefore the economic values associated with it. In other words, it is first
necessary to identify and inventory the NC provided by the lagoon ecosystem and
estimate its economic value. It is then important to inventory all of the existing and
potential socio-economic impacts, natural and anthropogenic, to the lagoon, in order
to evaluate the cost-benefit of each impact on the NC. Here, the decision maker