Biodiversity as a Commodity
AbstractWhat is the nature of biodiversity as an economic commodity and why does it matter? How would its conservation contribute economically to our well being? I consider three issues: - Why is biodiversity important from an economic perspective? - hat kind of commodity is it? - oes our usual economic mechanism, the market system, have the capacity to appreciate the economic value of biodiversity? I first characterize biodiversity from an economic perspective, and then consider the capacity of our main economic institutions to realize the value of biodiversity and ensure that it is treated in a way commensurate with its importance.
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Bibliographic InfoPaper provided by Columbia - Graduate School of Business in its series Papers with number 99-7.
Length: 26 pages
Date of creation: 1999
Date of revision:
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Postal: U.S.A.; COLUMBIA UNIVERSITY, GRADUATE SCHOOL OF BUSINESS, PAINE WEBBER , New York, NY 10027 U.S.A
Phone: (212) 854-5553
Web page: http://www.columbia.edu/cu/business/
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Find related papers by JEL classification:
- Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
- Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
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- William Brock & Anastasios Xepapadeas, .
"Valuing Biodiversity from an Economic Perspective: AUnified Economic, Ecological and Genetic Approach,"
0301, University of Crete, Department of Economics.
- William A. Brock & Anastasios Xepapadeas, 2003. "Valuing Biodiversity from an Economic Perspective: A Unified Economic, Ecological, and Genetic Approach," American Economic Review, American Economic Association, vol. 93(5), pages 1597-1614, December.
- Brock,W. & Xepapadeas,A., 2001. "Valuing biodiversity from an economic perspective : a unified economic, ecological and genetic approach," Working papers 17, Wisconsin Madison - Social Systems.
- Brock,W.A. & Xepapadeas,A., 2003. "Valuing biodiversity from an economic perspective : a unified economic, ecological and genetic approach," Working papers 9, Wisconsin Madison - Social Systems.
- William Brock & Anastasios Xepapadeas, 2001. "Valuing Biodiversity from an Economic Perspective: A Unified Economic, Ecological and Genetic Approach," Working Papers 0102, University of Crete, Department of Economics.
- Sathaye, Jayant A. & Anger, Niels, 2008. "Reducing Deforestation and Trading Emissions: Economic Implications for the post-Kyoto Carbon Market," ZEW Discussion Papers 08-016, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Baranzini, Andrea & Faust, Anne-Kathrin & Huberman, David, 2010. "Tropical forest conservation: Attitudes and preferences," Forest Policy and Economics, Elsevier, vol. 12(5), pages 370-376, June.
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