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Economic Values Attributable to Virginia's Coastal Wetlands as Inputs in Oyster Production*

Published online by Cambridge University Press:  28 April 2015

Sandra S. Batie  and
James R. Wilson
Sandra S. Batie
Affiliation:
Virginia Polytechnic Institute andState University
James R. Wilson
Affiliation:
Sea Grant Program, Department of Economics, University of Alaska
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Extract

Coastal marine wetlands, in their natural state, are important biological and hydrological resources. Wetlands yield numerous valuable services such as provision of nursery and feeding habitat for fish and wildlife, and the assimilation of wastes. Wetlands, when filled or otherwise altered, also provide valuable sites for residences, marinas, or ports. Because well defined and vendable property rights are lacking for natural unaltered wetland services but are available for development services, the unregulated market will tend to reflect only the benefits of development. The result has been a rate of conversion of tidal wetlands that has been unsatisfactory to many individuals.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 10 , Issue 1 , July 1978 , pp. 111 - 118
Copyright
Copyright © Southern Agricultural Economics Association 1978

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Footnotes

*

This report was based on a study which was funded as part of an Office of Sea Grant grant 104-6-158-440861 and 104-7-158-440861, National Oceanic and Atmospheric Administration, U.S. Department of Commerce. The grant title is “Alternative Management Strategies for Virginia's Coastal Wetlands.” More detailed information on this analysis can he obtained from the authors.

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