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Cold water coral ecosystems and their biodiversity: a review of their economic and social value

Author

Listed:
  • Naomi Foley
  • Thomas van Rensburg

    (Department of Economics, National University of Ireland, Galway)

Abstract

Despite the growing scientific literature on cold-water corals (CWC) there appears to be no research of an economic nature applied to the resource. This paper presents an overview of the goods and services of CWC and their associated biodiversity. Use and non-use values associated with CWC are presented, and the methods relevant for assessing their valuation are discussed. The impact of human induced disturbance on CWC is reviewed, in order to indicate how knowledge of CWC values can be used by policy makers in the management of CWC as a habitat and vehicle for biodiversity.

Suggested Citation

  • Naomi Foley & Thomas van Rensburg, 2008. "Cold water coral ecosystems and their biodiversity: a review of their economic and social value," Working Papers 0131, National University of Ireland Galway, Department of Economics, revised 2008.
    • Handle: RePEc:nig:wpaper:0131
    as

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    File URL: http://www.economics.nuig.ie/resrch/paper.php?pid=138
    File Function: First version, 2008
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    File URL: http://www.economics.nuig.ie/resrch/paper.php?pid=138
    File Function: Revised version, 2008
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