Perhaps the most understudied ecosystem services are related to socio-cultural values tied to non-material benefits arising from human-ecosystem relationships. Bequest values linked to natural ecosystems can be particularly significant for indigenous communities whose livelihoods and cultures are tied to ecosystems. Here we apply a discrete choice experiment (DCE) to determine indigenous fishers' preferences and willingness-to-pay for bequest gains from management actions in a locally managed marine area in Madagascar, and use our results to estimate an implicit discount rate. We validate our results using a unique rating and ranking game and other mixed methods. We find that bequest is highly valued and important; respondents were willing to pay a substantial portion of their income to protect ecosystems for future generations. Through all of our inquiries, bequest emerged as the highest priority, even when respondents were forced to make trade-offs among other livelihood-supporting ecosystem services. This study is among a relative few to quantify bequest values and apply a DCE to model trade-offs, value ecosystem service flows, and estimate discount rates in a developing country. Our results directly inform coastal management in Madagascar and elsewhere by providing information on the socio-cultural value of bequest in comparison to other ecosystem service benefits.

The values of goods and services provided by natural and constructed wetlands are examined through a meta-analysis of 418 observations of the economic value of 186 wetlands. Water quality improvement, non-consumptive recreation, and provision of natural habitat and biodiversity turn out to be highly valued services. Substitution effects are observed through the negative correlation between values and proximity to other wetlands. Values are found to increase with anthropogenic pressure. Constructed wetlands are highly valued for biodiversity enhancement, water quality improvement, and flood control. This study provides a substantially new contribution in relation to previous meta-analyses of the wetland valuation literature.

The rationale for conservation and creation of wetlands stems from the recognition of both their ecological and economic values. This paper examines the welfare impacts of goods and services provided by wetlands. We collected 385 estimates of the economic value of 181 natural and man-made wetlands from 167 studies worldwide. The resulting database is less biased towards North America than previous reviews of the literature. The relative importance of characteristics of the valuation study, of the wetland site, and of the socio-economic and geographical context is estimated by means of a meta-regression analysis of wetland values. Provision of amenities, flood control and storm buffering, and water quality improvement are the most highly valued wetland services. The relevance of the socio-economic and geographical context clearly emerges from the analysis and, in particular, the proximity to other wetland sites is negatively correlated with valuations. An analysis of the effect of environmental stress on wetland value shows that the latter increases with stress from human development activities and uses. In addition to the basic meta-regression model, the influence of authorship effects and of the geographic regions is examined by means of a multi-level approach. A second extended meta-regression model including cross-effects shows that the valuations of specific services vary according to the type of wetland producing them.