SINGLE SPECIES VERSUS MULTIPLE SPECIES MODELS: THE ECONOMIC IMPLICATIONS

Ecologists frequently note the importance of modelling entire ecosystems rather than single species, but most bioeconomic models in the current literature focus on a single species. While the mathematical difficulty of multiple species may quickly become overwhelming, sometimes making the single species option necessary, it is important to recognise the significance of the single species assumption to the model results. In this paper, the authors address the economic significance of this assumption through the development of a multiple species model and demonstrate the importance of interrelationships and economic values to the survival of endangered species.


Issue Date:
2002
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/23693
Total Pages:
19
Series Statement:
Discussion Paper in Natural Resource and Environmental Economics
23




 Record created 2017-04-01, last modified 2017-08-24

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