Untying a Lancastrian bundle: valuing ecosystems and ecosystem services for wetland mitigation

A utility-theoretic model indicates that mitigation prices for wetland ecosystems depend on preferences and technical knowledge. Empirical analysis found gaps in respondentsʹ knowledge about such ecosystems. Valuing wetland types requires dealing with respondentsʹ possible misinformation, by developing tools for informing respondents or by combining service-based valuations with valid technical data.