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| Author: | Swanson, T. |
| Title: | The economics of extinction revisited and revised: a generalised framework for the analysis of the problems of endangered species and biodiversity losses |
| Journal: | Oxford Economic Papers
1994 : OCT, VOL. 46, p. 800-821 |
| Index terms: | ECONOMICS ENVIRONMENTAL PROTECTION DEVELOPMENT |
| Language: | eng |
| Abstract: | Several environmental problems linked to extinction (resource mining, biodiversity depletion, and over-exploitation) derive from the same fundamental source: the conversion between assets within the development process. The state selecting its optimal portfolio of assets will consider the relative value and growth rates of assets. High-value/high-growth resources will be selected; resources with either low values or low growth rates will be channelled down one of the above routes towards extinction. |
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