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The Noah's Ark Problem

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Author Info
Martin L. Weitzman

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Abstract

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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Publisher Info
Article provided by Econometric Society in its journal Econometrica.

Volume (Year): 66 (1998)
Issue (Month): 6 (November)
Pages: 1279-1298
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Handle: RePEc:ecm:emetrp:v:66:y:1998:i:6:p:1279-1298

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  1. Gerber, Nicolas, 2009. "Measuring Biodiversity – an axiomatic evaluation of measures based on genetic data," Discussion Papers 51305, University of Bonn, Center for Development Research (ZEF). [Downloadable!]
  2. repec:att:wimass:1920117 is not listed on IDEAS
  3. Marcello Basili & Stefano Vannucci, 2007. "Diversity as Width," Department of Economics University of Siena 500, Department of Economics, University of Siena. [Downloadable!]
  4. C. Martijn van der Heide & Jeroen C.J.M. van den Bergh & Ekko C. van Ierland, 1999. "Globalisation and Nature Policy: An Integrated Environmental-Economic Framework," Tinbergen Institute Discussion Papers 99-090/3, Tinbergen Institute. [Downloadable!]
  5. Caracciolo, Francesco & Gotor, Elisabetta & Holloway, Garth & Watts, Jamie, 2008. "The Origin, Development And Structure Of Demand For Plant Genetic Resources. The Impact Of The In Trust Agreements To The CGIAR Collections Availability," 82nd Annual Conference, March 31 - April 2, 2008, Royal Agricultural College, Cirencester, UK 36773, Agricultural Economics Society. [Downloadable!]
  6. 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:
  7. Walter Bossert & Conchita D’Ambrosio & Eliana Laferrara, 2006. "A Generalized Index of Fractionalization," Working Papers 313, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University. [Downloadable!]
    Other versions:
  8. Richard S.J. Tol, 2002. "Emission Abatement Versus Development As Strategies To Reduce Vulnerability To Climate Change: An Application Of Fund," Working Papers FNU-12, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2002. [Downloadable!]
    Other versions:
  9. Ilhem Kassar & Pierre Lasserre, 2002. "Species Preservation and Biodiversity Value: A Real Options Approach," CIRANO Working Papers 2002s-82, CIRANO. [Downloadable!]
    Other versions:
  10. Fadlaoui, Aziz & Roosen, Jutta & Baret, Philippe V., 2005. "Of Experts, Politicians and Beasts: Setting Priorities in Farm Animal Conservation Choices," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24546, European Association of Agricultural Economists. [Downloadable!]
  11. Metrick, Andrew & Weitzman, Martin L, 1998. "Conflicts and Choices in Biodiversity Preservation," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 21-34, Summer. [Downloadable!] (restricted)
    Other versions:
  12. repec:att:wimass:192039 is not listed on IDEAS
  13. William Brock & Anastasios Xepapadeas, . "Valuing Biodiversity from an Economic Perspective: AUnified Economic, Ecological and Genetic Approach," Working Papers 0301, University of Crete, Department of Economics. [Downloadable!]
    Other versions:
  14. Cecile Aubert & Pranab K. Bardhan & Jeff Dayton-Johnson, 2004. "Artfilms, Handicrafts and Other Cultural Goods: The Case for Subsidy," Public Economics 0407001, EconWPA. [Downloadable!]
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