Economic valuation of marsh areas for marine production processes

Abstract

The relationship of natural marsh-estuarine systems to the economic productivity of marine systems is not well understood, at least in any quantitative sense. An approach is developed for relating blue crab economic productivity on Florida's Gulf Coast to marsh availability in the area. Previous efforts have not always applied economic concepts appropriately in attempts at such quantification. The marginal value productivity of marsh is shown to vary with alternative levels of marsh and effort in the fishery. The interaction and subsequent interdependence is shown to be statistically significant. Data availability on marginal response to marsh changes poses a severe obstacle to further progress.