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Integrated Ecological-Economic Models

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  • John Tschirhart

    () (Department of Economics and Finance, University of Wyoming, Laramie, Wyoming 82071)

Abstract

Scientific evidence suggests that economic activity is threatening global biodiversity in ways that could severely degrade nature's flow of ecosystem services. Yet, there is relatively little work in economics that addresses biodiversity loss. Some economists have called for better integration of economic and ecological models to address biodiversity and the attendant ecosystem services. Current integrated approaches in economics are discussed, and they take in ecosystem services, ecosystem externalities, and substantial ecological modeling. Much of the modeling uses Lotka-Volterra equations, which are standard in ecology, although there is concern that the equations lack the microfoundations of plant and animal behavior. An alternative approach is to admit microbehavior using economic optimization techniques that build adaptive ecological systems. However, much more effort is needed to assess whether admitting more ecological detail into economic models will be fruitful.

Suggested Citation

  • John Tschirhart, 2009. "Integrated Ecological-Economic Models," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 381-407, September.
  • Handle: RePEc:anr:reseco:v:1:y:2009:p:381-407
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev.resource.050708.144113
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Richard Melstrom & Richard Horan, 2014. "Interspecies Management and Land Use Strategies to Protect Endangered Species," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, pages 199-218.
    2. Hussain, A.M. Tanvir & Tschirhart, John, 2013. "Economic/ecological tradeoffs among ecosystem services and biodiversity conservation," Ecological Economics, Elsevier, pages 116-127.
    3. Melstrom, Richard T. & Horan, Richard D., 2013. "Managing excessive predation in a predator-endangered prey setting," Ecological Economics, Elsevier, pages 85-93.
    4. Lars Ravensbeck & Ayoe Hoff & Hans Frost, 2016. "Implications for fisheries management by inclusion of marine ecosystem services," IFRO Working Paper 2016/12, University of Copenhagen, Department of Food and Resource Economics.
    5. Richard Melstrom & Richard Horan, 2014. "Interspecies Management and Land Use Strategies to Protect Endangered Species," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, pages 199-218.
    6. Yajie Liu & Jon Olaf Olaussen & Anders Skonhoft, 2011. "When a Fish is a Fish: The Economic Impacts of Escaped Farmed Fish," Working Paper Series 12011, Department of Economics, Norwegian University of Science and Technology.
    7. Ekerhovd, Nils-Arne & Kvamsdal, Sturla F., 2017. "Up the ante on bioeconomic submodels of marine food webs: A data assimilation-based approach," Ecological Economics, Elsevier, pages 250-261.
    8. Ian Bateman & Georgina Mace & Carlo Fezzi & Giles Atkinson & Kerry Turner, 2011. "Economic Analysis for Ecosystem Service Assessments," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, pages 177-218.
    9. Grogan, Kelly A., 2014. "When ignorance is not bliss: Pest control decisions involving beneficial insects," Ecological Economics, Elsevier, pages 104-113.
    10. Kvamsdal, Sturla F. & Sandal, Leif K., 2012. "The Ensemble Kalman Filter in Bioeconomics," Discussion Papers 2012/5, Norwegian School of Economics, Department of Business and Management Science.
    11. Melstrom, Richard T., 2014. "Managing apparent competition between the feral pigs and native foxes of Santa Cruz Island," Ecological Economics, Elsevier, pages 157-162.

    More about this item

    Keywords

    biodiversity; ecosystem services; ecosystem externalities; adaptive behavior; mechanistic; Lotka-Volterra;

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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