On the Quasi-Option Value of Biodiversity and Conservation

Research output: Chapter in Book/Report/Conference proceedingConference paper

Abstract

In recent years many programmes have been set up to tackle biodiversity loss. Since the loss of species is irreversible and their value is largely unknown, conservation measures have a quasi-option value in the sense of Arrow and Fisher (1974). The paper explores the decision problem of a nature protection agency seeking to maximise the expected biodiversity of a region subject to a budget constraint
Original languageEnglish
Title of host publicationRisk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands
EditorsE.C. van Ierland, H.P. Weikard
PublisherWageningen University
Pages300-311
Publication statusPublished - 2002

Keywords

  • biodiversity
  • land use
  • nature conservation
  • decision making
  • costs

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  • Cite this

    Weikard, H. P. (2002). On the Quasi-Option Value of Biodiversity and Conservation. In E. C. van Ierland, & H. P. Weikard (Eds.), Risk and uncertainty in environmental and resource economics : international conference, 5-7 June 2002, Wageningen International Conference Centre, Wageningen, The Netherlands (pp. 300-311). Wageningen University.