Abstract Valuation of wetland has always remained a challenge for the empirical,
environmental and ecological economists. Major difficulty confronted in the valuation
process is the involvement of non-market variables in these ecosystems. These ecosystems
provide a large number of services and goods to the society at large, and therefore valuation
of the gains from the system are most needed. In that case the methods of valuation have to
be indirect, based on choices and preferences revealed by the stakeholders.
Dr. Amalendu Jyotishi, “Wetland Valuation: A Review of Theoretical and Empirical Issues”, Amrita School of Business, 2012.