Pricing Biodiversity

Posted: 21 Feb 2000

See all articles by Claire A. Montgomery

Claire A. Montgomery

Oregon State University - Department of Forest Resources

Robert A. Pollak

Washington University in St. Louis - John M. Olin Business School; National Bureau of Economic Research (NBER); CESifo (Center for Economic Studies and Ifo Institute); IZA Institute of Labor Economics

Kathryn Freemark

Environment Canada

Denis White

Corvallis, OR Office

Abstract

In this paper, we propose a management price framework to inform decision making directed at the land-management unit level when biodiversity is one of several land-management objectives. The management prices synthesize information about the production relationships that link the public goods aspects of biodiversity to land-management activities. High management prices indicate high marginal returns to conservation effort and, thus, suggest a basis for prioritizing conservation effort. We construct a case study for Monroe County, Pennsylvania to illustrate the concept of biodiversity management prices, to examine information needs, and to trace out a marginal cost curve for biodiversity.

JEL Classification: Q28, Q38

Suggested Citation

Montgomery, Claire A. and Pollak, Robert A. and Freemark, Kathryn and White, Denis, Pricing Biodiversity. Available at SSRN: https://ssrn.com/abstract=184229

Claire A. Montgomery (Contact Author)

Oregon State University - Department of Forest Resources ( email )

Corvallis, OR 97331
United States
541-737-5533 (Phone)
541-737-3049 (Fax)

Robert A. Pollak

Washington University in St. Louis - John M. Olin Business School ( email )

One Brookings Drive
Campus Box 1133
St. Louis, MO 63130-4899
United States
314-935-4918 (Phone)
314-935-6359 (Fax)

National Bureau of Economic Research (NBER)

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CESifo (Center for Economic Studies and Ifo Institute)

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Germany

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Kathryn Freemark

Environment Canada ( email )

National Wildlife Research Centre 100 Gamelin Blvd.
Hull, Quebec K1A 0H3
Canada
819-994-4752 (Phone)
819-953-6612 (Fax)

Denis White

Corvallis, OR Office ( email )

200 S.W. 35th St.
Corvallis, OR 97333
United States
541-754-4476 (Phone)
541-754-4716 (Fax)

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