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Biodiversity Conservation through Public Management in Cultural Landscapes: Integrating Economic and Ecological Evaluation of Species by Shadow Prices

  • Nuppenau, Ernst-August
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    The paper deals with the problem of finding relative values for species in the case of biodiversity conservation in a cultural landscape. We use the concept of shadow prices to derive flexible functional forms that allow us to conduct an interactive and internal valuation process. The paper is organized such as that (1) the theory of shadow price derivation is presented in a framework of programming. (2) We obtain quadratic objective functions for participant in the valuation process. (3) Quasi demand and supply functions are derived from which we can simulate a market. (5) The special role of ecologists as experts and potential managers of a landscape is ad-dressed and (6), or finally, a balanced solution on values, value oriented management, and species prevalence is provided.

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    File URL: http://purl.umn.edu/43608
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    Paper provided by European Association of Agricultural Economists in its series 2008 International Congress, August 26-29, 2008, Ghent, Belgium with number 43608.

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    Date of creation: 2008
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    Handle: RePEc:ags:eaae08:43608
    Contact details of provider: Web page: http://www.eaae.org
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    1. Gowdy, John M. & Ferreri Carbonell, Ada, 1999. "Toward consilience between biology and economics: the contribution of Ecological Economics," Ecological Economics, Elsevier, vol. 29(3), pages 337-348, June.
    2. Macmillan, Douglas C. & Philip, Lorna & Hanley, Nick & Alvarez-Farizo, Begona, 2002. "Valuing the non-market benefits of wild goose conservation: a comparison of interview and group based approaches," Ecological Economics, Elsevier, vol. 43(1), pages 49-59, November.
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