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Habitat Benefit Assessment and Decisionmaking: A Report to the National Marine Fisheries Service


  • Boyd, James

    () (Resources for the Future)

  • Sanchirico, James

    () (Resources for the Future)

  • Shabman, Leonard

    () (Resources for the Future)


Habitats and the services they provide are part of our nation’s portfolio of natural capital assets. As for many components of this portfolio, it is difficult to assess the value of their services, and this complicates regulators’ investment decisions, especially when the alternative use is measurable. The principal objective of this report is to suggest possible strategies for the National Marine Fisheries Service (NMFS) as it applies economic analyses and arguments in support of the agency’s trustee responsibilities. Many approaches are possible, and as we discuss, the “right” strategy will depend on the questions asked, the resources available, and the agency’s role in the consultation process. We discuss in detail bioeconomic modeling and ecosystem indicator approaches to habitat value assessment. Although the approaches are discussed independently, multiple tools could be used simultaneously across different regions or within the same region on different aspects of one consultation.

Suggested Citation

  • Boyd, James & Sanchirico, James & Shabman, Leonard, 2004. "Habitat Benefit Assessment and Decisionmaking: A Report to the National Marine Fisheries Service," Discussion Papers dp-04-09, Resources For the Future.
  • Handle: RePEc:rff:dpaper:dp-04-09

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    References listed on IDEAS

    1. Gaudet, Gerard & Lasserre, Pierre, 1988. "On comparing monopoly and competition in exhaustible resource exploitation," Journal of Environmental Economics and Management, Elsevier, vol. 15(4), pages 412-418, December.
    2. Solow, Robert M, 1974. "The Economics of Resources or the Resources of Economics," American Economic Review, American Economic Association, vol. 64(2), pages 1-14, May.
    3. Eswaran, Mukesh & Lewis, Tracy R., 1984. "Ultimate recovery of an exhaustible resource under different market structures," Journal of Environmental Economics and Management, Elsevier, vol. 11(1), pages 55-69, March.
    4. Stiglitz, Joseph E, 1976. "Monopoly and the Rate of Extraction of Exhaustible Resources," American Economic Review, American Economic Association, vol. 66(4), pages 655-661, September.
    5. Pindyck, Robert S., 1987. "On monopoly power in extractive resource markets," Journal of Environmental Economics and Management, Elsevier, vol. 14(2), pages 128-142, June.
    6. Lewis, Tracy R., 1976. "Monopoly exploitation of an exhaustible resource," Journal of Environmental Economics and Management, Elsevier, vol. 3(3), pages 198-204, October.
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    More about this item


    Bioeconomic; ecological indicators; ecosystem services;

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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    This item is featured on the following reading lists or Wikipedia pages:
    1. Socio-economics of Fisheries and Aquaculture


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