ECONOMIC VALUATION OF WETLAND RESOURCES - A REVIEW OF THE VALUE ESTIMATES

Following the recognition that wetlands are valuable ecosystems and th e necessary methodological developments, economists have attempted to estimate monetary values for wetland resources. Estimated economic val ues for wetland resources have been significantly greater than zero. H owever, several studies that estimate wetlands value consider only a s ubset of wetland functions and services and, therefore, only partially measure the total value of wetland resources to society. Other studie s may overestimate wetland values due to double-counting of value comp onents.