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Single Species Versus Multiple Species Models: The Economic Implications

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Author Info
Fleming, Christopher M.
Alexander, Robert R.
Abstract

Ecologists frequently note the importance of modelling entire ecosystems rather than single species, but most bioeconomic models in the current literature focus on a single species. While the mathematical difficulty of multiple species may quickly become overwhelming, sometimes making the single species option necessary, it is important to recognise the significance of the single species assumption to the model results. In this paper, the authors address the economic significance of this assumption through the development of a multiple species model and demonstrate the importance of interrelationships and economic values to the survival of endangered species.

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File URL: http://purl.umn.edu/23693
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Paper provided by Massey University, Centre for Applied Economics and Policy Studies in its series Discussion Papers in Natural Resource Economics with number 23693.

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Date of creation: 2002
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Handle: RePEc:ags:masdpn:23693

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Postal: Massey University, Palmerston North
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Web page: http://econ.massey.ac.nz/caps/
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Keywords: Resource /Energy Economics and Policy;

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. Bulte, Erwin H. & van Kooten, G. Cornelis, 1996. "A note on ivory trade and elephant conservation," Environment and Development Economics, Cambridge University Press, vol. 1(04), pages 433-443, October. [Downloadable!]
  2. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124. [Downloadable!] (restricted)
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  1. Giovanni Bella, 2007. "A Bug’s Life: Competition Among Species Towards the Environment," Working Papers 2007.18, Fondazione Eni Enrico Mattei. [Downloadable!]
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This page was last updated on 2009-11-26.


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