Spatial patterns of biodiversity conservation in a multiregional general equilibrium model
AbstractMigration dynamics and local biodiversity are interrelated in a way that is likely to affect patterns of regional specialisation. We assess this relationship with a New Economic Geography model that has been extended with biodiversity. Biodiversity is heterogeneous, and responds to habitat availability. The results indicate that a symmetric pattern of regional specialisation is more likely, and that additional equilibria may emerge as the marginal utility of biodiversity increases. In the policy analysis we focus on the case where the overall social optimum is symmetric and show that it can be supported as a non-cooperative Nash equilibrium. However, multiple Nash equilibria may exist.
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Bibliographic InfoArticle provided by Elsevier in its journal Resource and Energy Economics.
Volume (Year): 31 (2009)
Issue (Month): 2 (May)
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Web page: http://www.elsevier.com/locate/inca/505569
Biodiversity conservation Extinction risk Monopolistic competition Population dynamics Regional specialisation Reserve sites Spatial economics;
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