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Inserting Ecological Detail into Economic Analysis: Agricultural Nutrient Loading of an Estuary Fishery

Author

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  • David Finnoff

    () (Department of Economics and Finance, University of Wyoming, 3985, Laramie, WY 82071, USA)

  • John Tschirhart

    () (Department of Economics and Finance, University of Wyoming, 3985, Laramie, WY 82071, USA)

Abstract

Linked general equilibrium economic and ecological models are connected through agricultural runoff and the fisheries. They are applied to a North Carolina estuary in which agricultural runoff alters phytoplankton densities and the resulting hypoxia leads to diminished fisheries. The effects of hypoxia on multiple species across space are analyzed and the joint economic and ecosystem wide response to a policy of reduced runoff is quantified. The approach provides an assessment of changes in ecological welfare (in terms of species populations) and economic welfare (in terms of equivalent variations) following reductions in runoff.

Suggested Citation

  • David Finnoff & John Tschirhart, 2011. "Inserting Ecological Detail into Economic Analysis: Agricultural Nutrient Loading of an Estuary Fishery," Sustainability, MDPI, Open Access Journal, vol. 3(10), pages 1-35, September.
  • Handle: RePEc:gam:jsusta:v:3:y:2011:i:10:p:1688-1722:d:14220
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    Cited by:

    1. repec:eee:ecolec:v:140:y:2017:i:c:p:46-57 is not listed on IDEAS
    2. repec:kap:enreec:v:69:y:2018:i:1:d:10.1007_s10640-016-0066-7 is not listed on IDEAS

    More about this item

    Keywords

    general equilibrium; ecosystem; welfare; nutrient loading;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • 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
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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