Pricing Biodiversity

Pricing Biodiversity In this paper, we propose a management price framework to inform decision making directed at the land-management unit level when biodiversity is one of several land-management objectives. The management prices synthesize information about the production relationships that link the public goods aspects of biodiversity to land-management activities. High management prices indicate high marginal returns to conservation effort and, thus, suggest a basis for prioritizing conservation effort. We construct a case study for Monroe County, Pennsylvania, to illustrate the concept of biodiversity management prices, to examine information needs, and to trace out a marginal cost curve for biodiversity. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Environmental Economics and Management Elsevier

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Publisher
Elsevier
Copyright
Copyright © 1999 Academic Press
ISSN
0095-0696
DOI
10.1006/jeem.1999.1073
Publisher site
See Article on Publisher Site

Abstract

In this paper, we propose a management price framework to inform decision making directed at the land-management unit level when biodiversity is one of several land-management objectives. The management prices synthesize information about the production relationships that link the public goods aspects of biodiversity to land-management activities. High management prices indicate high marginal returns to conservation effort and, thus, suggest a basis for prioritizing conservation effort. We construct a case study for Monroe County, Pennsylvania, to illustrate the concept of biodiversity management prices, to examine information needs, and to trace out a marginal cost curve for biodiversity.

Journal

Journal of Environmental Economics and ManagementElsevier

Published: Jul 1, 1999

References

  • A dynamic analysis of spotted owl viability in a fragmented forest
    Lamberson, R.H.; McKelvey, R.; Noon, B.R.; Voss, C.
  • Economic benefits of rare and endangered species: summary and meta-analysis
    Loomis, J.B.; White, D.S.
  • Assessing threats and setting priorities for conservation
    Master, L.
  • Assessing risks to biodiversity from future landscape change
    White, D.; Minotti, P.G.; Barczak, M.J.; Sifneos, J.C.; Freemark, K.E.; Santelmann, M.V.; Steinitz, C.F.; Kiester, A.R.; Preston, E.M.

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