Why might a wetland ecologist scoff at an economist when the economist claims to have come up with a "value" for wetlands, for use in benefit-cost analysis? Keep in mind that economists and ecologists tend to have very different ideas about the concept of “value” for environmental resources? Explain the differences between the concept of “existence value” for an economist, and the concept of “intrinsic value” for an ecologist.
Why might a wetland ecologist scoff at an economist when the economist claims to have come up with a "value" for wetlands, for use in benefit-cost analysis? Keep in mind that economists and ecologists tend to have very different ideas about the concept of “value” for environmental resources? Explain the differences between the concept of “existence value” for an economist, and the concept of “intrinsic value” for an ecologist.
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter16: Externalities, The Environment, And Natural Resources
Section: Chapter Questions
Problem 1DQ
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Why might a wetland ecologist scoff at an economist when the economist claims to have come up with a "value" for wetlands, for use in benefit-cost analysis? Keep in mind that economists and ecologists tend to have very different ideas about the concept of “value” for environmental resources? Explain the differences between the concept of “existence value” for an economist, and the concept of “intrinsic value” for an ecologist.
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