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Environmental Policy Analysis And Instruments For Biodiversity Conservation: A Review Of Recent Economic Literature

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  • Bhattarai, Madhusudan
  • Hammig, Michael D.

Abstract

This paper provides a synthesis of recent literature dealing with the institutional environment, policy framework, and economic instruments used in policy analysis related to the conservation and sustainable use of biodiversity resources. The paper analyzes the economic consequences of alternative policy options and summarizes the application of these economic issues in the formulation of biodiversity protection policy. The paper also concludes that the proper understanding of underlying institutions and, if needed, institutional reforming procedures are also required to provide appropriate incentive structures for conservation and sustainable use of biodiversity resources. Illustrations of these principles and examples are taken from published accounts of biodiversity policy debates and policy implications.

Suggested Citation

  • Bhattarai, Madhusudan & Hammig, Michael D., 1998. "Environmental Policy Analysis And Instruments For Biodiversity Conservation: A Review Of Recent Economic Literature," Working Papers 18810, Clemson University, Department of Agricultural and Applied Economics.
    • Handle: RePEc:ags:cuaewp:18810
    DOI: 10.22004/ag.econ.18810
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    References listed on IDEAS

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    1. Spash, Clive L. & Hanley, Nick, 1995. "Preferences, information and biodiversity preservation," Ecological Economics, Elsevier, vol. 12(3), pages 191-208, March.
    2. Richard C. Ready & Richard C. Bishop, 1991. "Endangered Species and the Safe Minimum Standard," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 309-312.
    3. Richard C. Bishop, 1978. "Endangered Species and Uncertainty: The Economics of a Safe Minimum Standard," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(1), pages 10-18.
    4. Norton-Griffiths, Michael & Southey, Clive, 1995. "The opportunity costs of biodiversity conservation in Kenya," Ecological Economics, Elsevier, vol. 12(2), pages 125-139, February.
    5. Rolfe, John, 1995. "Ulysses Revisited - A Closer Look At The Safe Minimum Standard Rule," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 39(1), pages 1-16, April.
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