Searching for uncertain benefits and the conservation of biological diversity

Stephen Polasky, Andrew Solow, James Broadus

Research output: Contribution to journalArticlepeer-review

24 Scopus citations

Abstract

This paper describes a model under which the maximization of option value leads to a preference for biological diversity arising from potential substitutability among species.

Original languageEnglish (US)
Pages (from-to)171-181
Number of pages11
JournalEnvironmental & Resource Economics
Volume3
Issue number2
DOIs
StatePublished - Apr 1 1993

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