Economics of the Endangered Species Act

Economics of the Endangered Species Act Abstract The Endangered Species Act of 1973 is one of our most far-reaching and controversial environmental laws. While the benefits of protecting endangered species accrue to the entire nation, a significant fraction of the costs are borne by the private landowners who shelter about 90 percent of the nearly 1,000 listed species. The pressure to know whether the social benefits of preservation exceed the private costs has thrust economics into ongoing reauthorization debate. This paper examines how economists can help better the odds that when society imposes and bears costs to protect endangered species, it will be more likely to succeed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

Economics of the Endangered Species Act

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Publisher
American Economic Association
Copyright
Copyright © 1998 by the American Economic Association
Subject
Symposia
ISSN
0895-3309
D.O.I.
10.1257/jep.12.3.3
Publisher site
See Article on Publisher Site

Abstract

Abstract The Endangered Species Act of 1973 is one of our most far-reaching and controversial environmental laws. While the benefits of protecting endangered species accrue to the entire nation, a significant fraction of the costs are borne by the private landowners who shelter about 90 percent of the nearly 1,000 listed species. The pressure to know whether the social benefits of preservation exceed the private costs has thrust economics into ongoing reauthorization debate. This paper examines how economists can help better the odds that when society imposes and bears costs to protect endangered species, it will be more likely to succeed.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: Aug 1, 1998

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