Perhaps the most understudied ecosystem services are related to socio-cultural values tied to non-material benefits arising from human–ecosystem relationships. 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.
Keywords: Cultural ecosystem services; Bequest value; Discrete choice experiment; Discount rate; Economic valuation; Madagascar
Small-scale fisheries make key contributions to food security, sustainable livelihoods and poverty reduc-tion, yet to date the economic value of small-scale fisheries has been poorly quantified. In this study,we take a novel approach by characterizing post-landing trends of small-scale fisheries resources andestimating their total economic value, including both commercial and subsistence values, in a remoterural region in Madagascar.
Blue Ventures works with communities in Madagascar and the Indian Ocean region, supporting them to establish locally appropriate governance systems for the marine resources upon which traditional coastal livelihoods depend.
Our strategy is to develop, scale and drive the adoption of high-impact models for marine conservation.
Marine conservation efforts often fail when short-term costs are perceived to outweigh future benefits, which may be uncertain. We overcome this challenge by demonstrating the short-term economic benefits of marine conservation to fishers and seafood buyers, showing that sustainable fisheries management can reap dividends in realistic timeframes.
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