SINGLE SPECIES VERSUS MULTIPLE SPECIES MODELS: THE ECONOMIC IMPLICATIONS

Christopher Fleming () and Robert R. Alexander

No 23693, Discussion Papers in Natural Resource and Environmental Economics from Massey University, Centre for Applied Economics and Policy Studies

Abstract: 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.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 19
Date: 2002
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:masdpn:23693

DOI: 10.22004/ag.econ.23693

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