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Searching for uncertain benefits and the conservation of biological diversity

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Abstract

This paper describes a model under which the maximization of option value leads to a preference for biological diversity arising from potential substitutability among species.

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Authors and Affiliations

  1. Department of Economics, Boston College, USA

    Stephen Polasky

  2. Marine Policy Center, Woods Hole Oceanographic Institution, USA

    Andrew Solow & James Broadus

Authors
  1. Stephen Polasky
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  2. Andrew Solow
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  3. James Broadus
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Polasky, S., Solow, A. & Broadus, J. Searching for uncertain benefits and the conservation of biological diversity. Environmental and Resource Economics 3, 171–181 (1993). https://doi.org/10.1007/BF00338783

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  • DOI: https://doi.org/10.1007/BF00338783

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