Conflicts and Choices in Biodiversity Preservation
- 1 August 1998
- journal article
- Published by American Economic Association in Journal of Economic Perspectives
- Vol. 12 (3) , 21-34
- https://doi.org/10.1257/jep.12.3.21
Abstract
The purpose of this article is to examine the preservation of biodiversity as an economic problem. Using a very simple prototype model, the authors discuss how to include diversity in the objective function and how to develop a simple cost-benefit ranking criterion for ordering priorities. Then they analyze data on endangered species preservation decisions in the United States to shed light on the conformity of theory with practice. A basic theme is that the core issue in biodiversity preservation today is the fuzziness of the objective function.Keywords
All Related Versions
This publication has 4 references indexed in Scilit:
- Valuing Biodiversity for Use in Pharmaceutical ResearchJournal of Political Economy, 1996
- Patterns of Behavior in Endangered Species PreservationLand Economics, 1996
- On the Value of a Collection of SpeciesJournal of Environmental Economics and Management, 1995
- Genetic diversity and the agony of choiceBiological Conservation, 1992