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The Economics of Extinction Revisited and Revised

In: The International Regulation of Extinction

Author

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  • Timothy M. Swanson

    (University of Cambridge)

Abstract

The economics of species extinction was initially modelled by Clark (1973). (See also Clark and Munro, 1978; Clark, Clarke, and Munro, 1979.) His work provided the framework for most of the analysis that has followed. Given that the past twenty-five years have seen the first efforts to create policies to address the problem of species extinctions, the Clark model has assumed preeminent importance, at the national and international levels. The ideas contained within the models of ‘open access overexploitation’ have provided the basis for most of the policies for remedying species extinction that currently exist.

Suggested Citation

  • Timothy M. Swanson, 1994. "The Economics of Extinction Revisited and Revised," Palgrave Macmillan Books, in: The International Regulation of Extinction, chapter 3, pages 45-76, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12985-0_3
    DOI: 10.1007/978-1-349-12985-0_3
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