Conflicts and Choices in Biodiversity Preservation
- (pp. 21-34)
AbstractThe 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.
Citation1998. "Conflicts and Choices in Biodiversity Preservation." Journal of Economic Perspectives, 12(3): 21-34. DOI: 10.1257/jep.12.3.21
- Q28 Renewable Resources and Conservation: Government Policy
- K32 Environmental, Health, and Safety Law