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Economics of the Endangered Species Act

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Author Info
Brown, Gardner M, Jr
Shogren, Jason F

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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. Copyright 1998 by American Economic Association.

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Publisher Info
Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 12 (1998)
Issue (Month): 3 (Summer)
Pages: 3-20
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Handle: RePEc:aea:jecper:v:12:y:1998:i:3:p:3-20

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Smith, Rodney B. W. & Shogren, Jason F., 2002. "Voluntary Incentive Design for Endangered Species Protection," Journal of Environmental Economics and Management, Elsevier, vol. 43(2), pages 169-187, March. [Downloadable!] (restricted)
  2. Montgomery Claire A. & Brown Jr. , Gardner M. & Adams Darius M., 1994. "The Marginal Cost of Species Preservation: The Northern Spotted Owl," Journal of Environmental Economics and Management, Elsevier, vol. 26(2), pages 111-128, March. [Downloadable!] (restricted)
  3. Alistair Munro, 1997. "Economics and biological evolution," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 9(4), pages 429-449, June. [Downloadable!] (restricted)
  4. Dale W. Jorgenson & Peter J. Wilcoxen, 1990. "Environmental Regulation and U.S. Economic Growth," RAND Journal of Economics, The RAND Corporation, vol. 21(2), pages 314-340, Summer. [Downloadable!] (restricted)
  5. Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January. [Downloadable!] (restricted)
  6. Smith, V. Kerry, 1992. "Arbitrary values, good causes, and premature verdicts," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 71-89, January. [Downloadable!] (restricted)
  7. Diamond, Peter, 1996. "Testing the Internal Consistency of Contingent Valuation Surveys," Journal of Environmental Economics and Management, Elsevier, vol. 30(3), pages 337-347, May. [Downloadable!] (restricted)
    Other versions:
  8. Simpson, R David & Sedjo, Roger A & Reid, John W, 1996. "Valuing Biodiversity for Use in Pharmaceutical Research," Journal of Political Economy, University of Chicago Press, vol. 104(1), pages 163-85, February. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. William A. Brock & Anastasios Xepapadeas, 2003. "Valuing Biodiversity from an Economic Perspective: A Unified Economic, Ecological, and Genetic Approach," American Economic Review, American Economic Association, vol. 93(5), pages 1597-1614, December. [Downloadable!]
    Other versions:
  2. Tun Lin & Timo Goeschl, 2004. "Biodiversity Conservation on Private Lands: Information Problems and Regulatory Choices," Working Papers 2004.55, Fondazione Eni Enrico Mattei. [Downloadable!]
  3. Broberg, Thomas, 2007. "Assessing the non-timber value of old-growth forests in Sweden," UmeÃ¥ Economic Studies 712, Umeå University, Department of Economics. [Downloadable!]
  4. Huennemeyer, Anne-Juliane & McKitrick, Ross & Rollins, Kimberly S., 1999. "Optimal Compensation For Endangered Species Protection Under Asymmetric Information," 1999 Annual meeting, August 8-11, Nashville, TN 21693, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  5. Catherine M. Chambers & Paul E. Chambers & John R. Crooker & John C. Whitehead, 2008. "Stochastic Dominance, Entropy and Biodiversity Management," Working Papers 0807, University of Central Missouri, Department of Economics & Finance, revised May 2008. [Downloadable!]
    Other versions:
  6. Siikamäki, Juha & Layton, David F., 2006. "Potential Cost-Effectiveness of Incentive Payment Programs for Biological Conservation," Discussion Papers dp-06-27, Resources For the Future. [Downloadable!]
  7. R. Rawls & David Laband, 2004. "A Public Choice Analysis of Endangered Species Listings," Public Choice, Springer, vol. 121(3), pages 263-277, December. [Downloadable!] (restricted)
  8. Catherine M. Chambers & Paul E. Chambers & John C. Whitehead, 2008. "Economic Growth and Threatened and Endangered Species Listings: A VAR Analysis," Working Papers 0801, University of Central Missouri, Department of Economics & Finance, revised May 2008. [Downloadable!]
    Other versions:
  9. Shogren, Jason F., 1998. "Do All The Resource Problems In The West Begin In The East?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(02), December. [Downloadable!]
  10. Bonnie Harllee & Myungsup Kim & Michael Nieswiadomy, 2009. "Political influence on historical ESA listings by state: a count data analysis," Public Choice, Springer, vol. 140(1), pages 21-42, July. [Downloadable!] (restricted)
  11. Simpson, R. David, 2002. "Definitions of Biodiversity and Measures of Its Value," Discussion Papers dp-02-62, Resources For the Future. [Downloadable!]
  12. Oliver Fromm, 2000. "Ecological Structure and Functions of Biodiversity as Elements of Its Total Economic Value," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 16(3), pages 303-328, July. [Downloadable!] (restricted)
  13. repec:att:wimass:192039 is not listed on IDEAS
  14. Jason Shogren, 1998. "A Political Economy in an Ecological Web," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 11(3), pages 557-570, April. [Downloadable!] (restricted)
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