Environmental Economics

Mather Economics can complete a comprehensive report that documents the approach, data sources, analytical methodology, and findings of your environmental project. We can also assist with the creation of a presentation that communicates the findings in a compelling manner that is accessible to non-economists.

Natural assets produce a number of economically valuable outputs, usually called ecosystems services. Much like a multi-product firm, these outputs have consumers who place value on the services that are measurable. This analytical approach, which recognizes an ecosystem has quantifiable economic value much like other entities, allows us to use generally accepted economic principles to analyze and value the ecosystem outputs.

There are well-documented methods and techniques available in economics to measure and assess the value of these ecosystem services. Our team can apply these techniques in several environmental studies that have quantified the value of ecosystem services.

Key activities for a typical engagement include:

• Define data requirements
• Data collection
• Interview key personnel
• Review existing published economic studies
• Develop approach and model to quantify the economic contribution and value - this approach will look at quantifying both tangible and intangible benefits.
• Develop approach and model to quantify impact on the marketplace, including: real estate, jobs, tourism, recreation and transportation.
• Develop a plan for long-term measurement of the economic value
• Final presentation: We will prepare a presentation with the results and major implications of our study.