Extending Weitzman's economic ranking of biodiversity protection: combining ecological and genetic considerations

C.M. van der Heide; J.C.J.M. van den Bergh; E.C. van Ierland

doi:10.1016/j.ecolecon.2004.12.018

Extending Weitzman's economic ranking of biodiversity protection: combining ecological and genetic considerations

C.M. van der Heide
, J.C.J.M. van den Bergh
, E.C. van Ierland

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

This paper presents a critique and extension of Weitzman's cost-effectiveness criterion for ranking biodiversity-protecting projects. Weitzman's result, which is entirely based on genetic diversity, is argued to be able to give rise to incorrect policy advice on biodiversity protection. The reason is that ecological relationships are not included. In order to do so, dependent survival probabilities are introduced. It is shown that these give rise to a different ranking of biodiversity-protecting projects. Subsequently, alternative evaluation criteria are discussed. © 2004 Elsevier B.V. All rights reserved.

Original language	English
Pages (from-to)	218-223
Number of pages	6
Journal	Ecological Economics
Volume	55
DOIs	https://doi.org/10.1016/j.ecolecon.2004.12.018
Publication status	Published - 2005

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SDG 15 Life on Land

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10.1016/j.ecolecon.2004.12.018

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title = "Extending Weitzman's economic ranking of biodiversity protection: combining ecological and genetic considerations",

abstract = "This paper presents a critique and extension of Weitzman's cost-effectiveness criterion for ranking biodiversity-protecting projects. Weitzman's result, which is entirely based on genetic diversity, is argued to be able to give rise to incorrect policy advice on biodiversity protection. The reason is that ecological relationships are not included. In order to do so, dependent survival probabilities are introduced. It is shown that these give rise to a different ranking of biodiversity-protecting projects. Subsequently, alternative evaluation criteria are discussed. {\textcopyright} 2004 Elsevier B.V. All rights reserved.",

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AU - van Ierland, E.C.

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N2 - This paper presents a critique and extension of Weitzman's cost-effectiveness criterion for ranking biodiversity-protecting projects. Weitzman's result, which is entirely based on genetic diversity, is argued to be able to give rise to incorrect policy advice on biodiversity protection. The reason is that ecological relationships are not included. In order to do so, dependent survival probabilities are introduced. It is shown that these give rise to a different ranking of biodiversity-protecting projects. Subsequently, alternative evaluation criteria are discussed. © 2004 Elsevier B.V. All rights reserved.

AB - This paper presents a critique and extension of Weitzman's cost-effectiveness criterion for ranking biodiversity-protecting projects. Weitzman's result, which is entirely based on genetic diversity, is argued to be able to give rise to incorrect policy advice on biodiversity protection. The reason is that ecological relationships are not included. In order to do so, dependent survival probabilities are introduced. It is shown that these give rise to a different ranking of biodiversity-protecting projects. Subsequently, alternative evaluation criteria are discussed. © 2004 Elsevier B.V. All rights reserved.

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DO - 10.1016/j.ecolecon.2004.12.018

M3 - Article

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VL - 55

SP - 218

EP - 223

JO - Ecological Economics

JF - Ecological Economics

ER -

Extending Weitzman's economic ranking of biodiversity protection: combining ecological and genetic considerations

Abstract

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