Threshold effects and incentives for the conservation of biodiversity
Biological diversity is a central component of the stock of natural capital on which all economic development is based. Other things being equal, loss of biologically diversity implies loss of development potential, and its conservation through sustainable use or outright protection implies the protection of that potential. One characteristics of biodiversity loss of especial importance is that biodiversity loss, more than any other current environmental problem, is associated with ecological threshold effects. The paper explores the implication of this characteristics for the properties of a biodiversity conservation strategy. Copyright Kluwer Academic Publishers 1994
Volume (Year): 4 (1994)
Issue (Month): 1 (February)
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References listed on IDEAS
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- Tietenberg, T H, 1990. "Economic Instruments for Environmental Regulation," Oxford Review of Economic Policy, Oxford University Press, vol. 6(1), pages 17-33, Spring.
- Common, Mick & Perrings, Charles, 1992. "Towards an ecological economics of sustainability," Ecological Economics, Elsevier, vol. 6(1), pages 7-34, July.
- Kenneth J. Arrow & Anthony C. Fisher, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, Oxford University Press, vol. 88(2), pages 312-319.
- Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249, January.
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