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Managing Extinctions and Biodiversity

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  • Matthew A. Turner

Abstract

A review of the conservation biology literature reveals pervasive uncertainty about the effects of conservation policies on the persistence of populations of endangered species. This uncertainty about population persistence is of two types. Loosely speaking, certain features of the world that bear upon population persistence are uncertain, but are drawn from known distributions. Other features of the world that bear upon population persistence are uncertain, and are drawn from unknown distributions. This paper develops a systematic way to deal with these two types of uncertainty when selecting a conservation policy. In particular, we extend the results of Gilboa and Schmeidler (1989) to the problem of managing the extinction of a single species, and to the more general problem of managing biodiversity.

Suggested Citation

  • Matthew A. Turner, 1998. "Managing Extinctions and Biodiversity," Working Papers mturner-98-04, University of Toronto, Department of Economics.
    • Handle: RePEc:tor:tecipa:mturner-98-04
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    References listed on IDEAS

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    1. Solow Andrew & Polasky Stephen & Broadus James, 1993. "On the Measurement of Biological Diversity," Journal of Environmental Economics and Management, Elsevier, vol. 24(1), pages 60-68, January.
    2. Martin L. Weitzman, 1993. "What to Preserve? An Application of Diversity Theory to Crane Conservation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(1), pages 157-183.
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