Abstract
This issues presents seven papers on economic analysis of why biological diversity is lost globally; why from an economic perspective biological diversity should be preserved; and difficulties and issues in designing policies to implement protection for biodiversity. It is argued that traditional economic analysis does not take the value of biodiversity into account in resource allocation decisions, and that this can be done in aggregate national accounts and through utilisation of techniques which reveal invididual preferences for preservation of assets. Examples of benefit valuation are given in relation to wetland assets; policy issues in the tropical forest sector; the possibility of transferable development rights for biodiversity protection; and incentives for international cooperation in biodiversity preservation in the Convention on Biological Diversity. -N.Adger
| Original language | English (US) |
|---|---|
| Title of host publication | Environmental & Resource Economics |
| Pages | 1-122 |
| Number of pages | 122 |
| Volume | 4 |
| Edition | 1 |
| State | Published - 1994 |
| Externally published | Yes |
ASJC Scopus subject areas
- General Earth and Planetary Sciences
- General Environmental Science