Searching for uncertain benefits and the conservation of biological diversity

Stephen Polasky, Andrew Solow and James Broadus

Environmental & Resource Economics, 1993, vol. 3, issue 2, 181 pages

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. Copyright Kluwer Academic Publishers 1993

Date: 1993
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Working Paper: Searching For Uncertain Benefits and the Conservation Of Biological Diversity (1993)
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DOI: 10.1007/BF00338783

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