This paper is about the economic theory of biodiversity preservation. A cost-effectiveness methodology is constructed, which results in a ranking criterion sufficiently operational to be useful in suggesting what to look at when determining actual conservation priorities. The formula is firmly rooted in a mathematically rigorous optimization framework, so that its theoretical underpinnings are clear. The underlying model, called the 'Noah's Ark Problem,' is intended to be a kind of canonical form that hones down to its analytical essence the problem of best preserving diversity under a limited budget constraint.
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Article provided by Econometric Society in its journal Econometrica.
Volume (Year): 66 (1998) Issue (Month): 6 (November) Pages: 1279-1298 Download reference. The following formats are available: HTML,
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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.
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Walter Bossert & Conchita D’Ambrosio & Eliana Laferrara, .
"A Generalized Index of Fractionalization,"
Working Papers
313, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
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