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Pricing in ecosystems: A generalized linear production model

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  • Klauer, Bernd

Abstract

In this paper a method is developed to derive prices for natural goods from information about material and energy flows within ecosystems. The derivation is based on an analogy between ecological and economic systems: both systems are characterized by flows of material and energy. To derive ecosystem prices the mathematical structure of Koopmans economic linear production model his activity analysis is applied to a material flow model of ecosystems. The ecological interpretation of these prices is discussed and the uniqueness of the price system is investigated. An algorithm for price calculation is derived and demo nstrated with a numerical example. Finally, it is discussed whether ecosystem prices may be suitable as surrogates for economic valuations of natural goods.

Suggested Citation

  • Klauer, Bernd, 1999. "Pricing in ecosystems: A generalized linear production model," UFZ Discussion Papers 2/1999, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    • Handle: RePEc:zbw:ufzdps:21999
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    Cited by:

    1. Klauer, Bernd, 2000. "Ecosystem prices: activity analysis applied to ecosystems," Ecological Economics, Elsevier, vol. 33(3), pages 473-486, June.

    More about this item

    Keywords

    Price theory; evaluation of natural goods; activity analysis; general equilibrium theory; ecosystems; material flows; energy flows;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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