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Book ChapterDOI

The Value of Biodiversity

TLDR
In this paper, the authors discuss the special problems that arise in valuing biodiversity change, together with the techniques that are available for coping with those problems, and show how values can be translated into prescriptions for economic policy.
Abstract
Any assessment of the value of biodiversity should begin with an account of why one needs to value it and the reasons market values would not be expected to suffice for the purpose. This article discusses this in the context of the ecosystem services that biodiversity supports, along with the market and government failures that encourage resource users to ignore many of the effects of biodiversity change. It then considers how the value people explicitly or implicitly attach to biodiversity differs with income, culture, institutions, and the structure of the economy. This article shows how values can be translated into prescriptions for economic policy, and then reviews the special problems that arise in valuing biodiversity change, together with the techniques that are available for coping with those problems.

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Journal ArticleDOI

The Wealth and Poverty of Nations

E. Rosenbaum
Journal ArticleDOI

The role of social values in the management of ecological systems

TL;DR: A series of practical guidelines are provided to enable social values to be better considered in ecosystem management and research.
References
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Journal ArticleDOI

Human Domination of Earth's Ecosystems

TL;DR: Human alteration of Earth is substantial and growing as discussed by the authors, between one-third and one-half of the land surface has been transformed by human action; the carbon dioxide concentration in the atmosphere has increased by nearly 30 percent since the beginning of the Industrial Revolution; more atmospheric nitrogen is fixed by humanity than by all natural terrestrial sources combined; more than half of all accessible surface fresh water is put to use by humanity; and about one-quarter of the bird species on Earth have been driven to extinction.
Book

Using surveys to value public goods : the contingent valuation method

TL;DR: Mitchell and Carson as discussed by the authors argue that at this time the contingent valuation (CV) method offers the most promising approach for determining public willingness to pay for many public goods, an approach likely to succeed, if used carefully, where other methods may fail.
Book

The Economics of Welfare

TL;DR: Aslanbeigui et al. as mentioned in this paper discussed the relationship between the national dividend and economic and total welfare, and the size of the dividend to the allocation of resources in the economy and the institutional structure governing labor market operations.
Journal ArticleDOI

The Economic Theory of a Common-Property Resource: The Fishery

TL;DR: In this article, the authors examined the economic theory of natural resource utilization as it pertains to the fishing industry and showed that most of the problems associated with the words "conservation" or "depletion" or ''overexploitation" in the fishery are, in reality, manifestations of the fact that the natural resources of the sea yield no economic rent.
Journal ArticleDOI

The diversity–stability debate

TL;DR: This issue — commonly referred to as the diversity–stability debate — is the subject of this review, which synthesizes historical ideas with recent advances and concludes that declines in diversity should be expected to accelerate the simplification of ecological communities.
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