0. Key Concepts: Public vs Private Goods

In this video, you will be introduced to the difference between public and private goods and how this applies to environmental conservation. Concepts include excludability, rivalry, public goods, private goods, collective goods, and common goods/common pool resources.  


1. Introduction to Valuation

This video provides an introduction to the concept of economic valuation and explains how it can be used to estimate a monetary value for various environmental goods and services.


2. Classes of Values

This video will look at the difference between indirect, direct, bequest, existence, and option use, as well as non-use values of ecosystem services.  


3. Market Based Valuation Method

This video takes a closer look at how to conduct a market-based approach to the valuation of an ecosystem service.


4. Replacement Cost Method

This video takes a closer look at how to conduct a market-based approach to the valuation of an ecosystem service.


5. Avoided Cost Method

This video takes a closer look at how to conduct a market-based approach to valuation of an ecosystem service, specifically the avoided cost method. The avoided cost method in this case looks at how much money is or would be spent repairing or replacing property in a situation with or without an ecosystem service. 


6. Travel Cost Method

This video takes a closer look at how to calculate indirect costs, such as opportunity costs and travel costs, within a valuation analysis.



7. Hedonic Pricing Method

This video takes a closer look at how to calculate the value of ecosystem services by looking at housing prices near natural ecosystems.


8. Contingent Valuation

This video takes a closer look at the method of valuing ecosystem services through surveying individuals about how much they value the service - asking what the most one would pay to ensure that that service remains the same.  


9. Choice Experiments

This video takes a closer look at the method of valuing ecosystem services through surveying individuals and choice modeling where individuals are presented with a choice set and which scenario one would be willing to pay for.  


10. Benefits Transfer Study

This video takes a closer look at the method of valuing ecosystem services and the method of a benefits transfer study.  


This video series was made possible thanks to the support of John Mellberg and family, the Gordon and Betty Moore Foundation, and the Marcia Brady Tucker Foundation.