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• W2014649502 abstract "Abstract This review examines how local and regional coral reef management can be better informed by economic valuations. Results from the Western Indian Ocean show that supporting services are underrepresented, while cultural and provisioning services, where clear markets exist, are overrepresented in both the number of studies conducted and values assigned. These services are generally assessed using different methods meaning comparisons cannot be made across services. The largest number of services flows to beneficiaries at a local scale, consequently the cumulative value of ecosystem services is largest at this scale. However, the average value of a single service appears greatest, when flowing to beneficiaries at a global scale, creating biases in ecosystem service assessments. Furthermore, inconsistencies in classification and definition, particularly concerning regulating and option services exist. Findings suggest that if regional managers are to base their decisions on current valuation studies, their choices are likely to result in unexpected and undesirable tradeoffs. There is a need for (1) new and standardized methods that adequately account for supporting services; (2) studies to consider multiple ecosystem services simultaneously and across scales; and (3) a greater interdisciplinary understanding of how and why ecosystem services contribute to human well-being, under differing social contexts. Keywords: coral reefscross scaleeconomic valuationecosystem services Acknowledgments This work was funded through scholarships from the Australian Research Council, Queensland's Smart Future Fund, and a grant from the Western Indian Ocean Marine Science Associations Marine Science for Management Program (MASMA). The article was improved through comments from Natalie Stoeckl, Josh Cinner, Nick Graham, the MASMA committee, and two anonymous reviewers. Notes *To allow comparison with the global value estimates, the reported WIO non-use value is a combination of aesthetic, bequest, cultural, and existence value estimates, and the reported WIO biodiversity value is a combination of biodiversity benefit and habitat. Figure 5 Shows the mean ecosystem service estimates (US$ Ha−1 yr−1), for the six ecosystem services measured by both studies conducted in the WIO and studies conducted in the rest of the world. Error bars show standard errors of the mean. Display full size" @default.
• W2014649502 created "2016-06-24" @default.
• W2014649502 creator A5013145939 @default.
• W2014649502 date "2011-07-01" @default.
• W2014649502 modified "2023-10-16" @default.
• W2014649502 title "How Do We Value Our Reefs? Risks and Tradeoffs Across Scales in “Biomass-Based” Economies" @default.
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• W2014649502 doi "https://doi.org/10.1080/08920753.2011.589219" @default.
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