Authors:
Berman, M. and U.S. Sumaila
Publication Date:
2006
Abstract/Summary:
We hope to initiate a conversation among marine resource economists on the role of discounting on ecosystem restoration and the long-term, sustainable management of marine resources. We relate the problem of discounting benefits of ecosystem restoration to that of valuing the amenities that restored ecosystems could produce, and suggest how empirical research might contribute to the debate over the proper discount rate to apply in valuing natural and ecosystem resources.
Resource Type:
Peer-reviewed Article
Source:
Marine Resource Economics