Advanced Search
MyIDEAS: Login

Implementing the Safe Minimum Standard Approach: Two Case Studies from the U.S. Endangered Species Act

Contents:

Author Info

  • Robert P. Berrens
  • David S. Brookshire
  • Michael McKee
  • Christian Schmidt

Abstract

In situations characterized by true uncertainty and potential irreversibility, the safe minimum standard (SMS) approach is a decision rule to protect some critical natural resource-unless the social costs of doing so are somehow "intolerable." The SMS has been discussed widely, but actual case studies remain rare. We present two case studies, focusing on endangered fishes in the Colorado and Virgin River systems, demonstrating that the legal framework of the U.S. Endangered Species Act (ESA) is consistent with the SMS. The case studies incorporate the results from applied general equilibrium modeling and provide an avenue for investigating excessive economic consequences.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.jstor.org/stable/pdfplus/3147047
Download Restriction: A subscripton is required to access pdf files. Pay per article is available.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 74 (1998)
Issue (Month): 2 ()
Pages: 147-161

as in new window
Handle: RePEc:uwp:landec:v:74:y:1998:i:2:p:147-161

Contact details of provider:
Web page: http://le.uwpress.org/

Related research

Keywords:

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Seidl, Irmi & Tisdell, Clement A., 2000. "Neglected Features of the Safe Minimum Standard: Socio-economics and Institutional Dimensions," Economics, Ecology and Environment Working Papers 48000, University of Queensland, School of Economics.
  2. Palmini, Dennis, 1999. "Uncertainty, risk aversion, and the game theoretic foundations of the safe minimum standard: a reassessment," Ecological Economics, Elsevier, vol. 29(3), pages 463-472, June.
  3. Farmer, Michael C., 2001. "Getting the safe minimum standard to work in the real world: a case study in moral pragmatism," Ecological Economics, Elsevier, vol. 38(2), pages 209-226, August.
  4. Solomon, Barry D. & Corey-Luse, Cristi M. & Halvorsen, Kathleen E., 2004. "The Florida manatee and eco-tourism: toward a safe minimum standard," Ecological Economics, Elsevier, vol. 50(1-2), pages 101-115, September.
  5. Ian Bateman & Georgina Mace & Carlo Fezzi & Giles Atkinson & Kerry Turner, 2011. "Economic Analysis for Ecosystem Service Assessments," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 48(2), pages 177-218, February.
  6. Berrens, Robert P. & McKee, Michael & Farmer, Michael C., 1999. "Incorporating distributional considerations in the safe minimum standard approach: endangered species and local impacts," Ecological Economics, Elsevier, vol. 30(3), pages 461-474, September.
  7. Grijalva, Therese & Berrens, Robert P. & Shaw, W. Douglass, 2011. "Species preservation versus development: An experimental investigation under uncertainty," Ecological Economics, Elsevier, vol. 70(5), pages 995-1005, March.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:74:y:1998:i:2:p:147-161. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.