Freeman III, A M (1991) Valuing environmental resources under alternative management regimes. Ecological Economics, 3 (3). pp. 247-256.
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Abstract
This paper shows that the economic values of resources depend in part on the mangement regime. The value of a resource supporting a commercial fishery will depend on whether the fishery is optimally manged or open access. The Ellis-Fisher (1987) data are used to calculate values under alternative assumptions about management. These calculations show that value is influence not only by biological and economic factors, but also by institutions.
| Item Type: | Article |
|---|---|
| Additional Information: | Anthony Fisher kindly provided me with the parameterization of the Lynne et al. model. Research assistance was provided by Kirke Lawton and supported by the Bowdoin College Department of Economics Research Fund. My thanks, also, to Gardner Brown and two referees for helpful comments. |
| Author Affiliation: | Resources for the Future, Inc., 1616 P Street, N.W., Washington, DC 20036, USA |
| Subjects: | Agricultural Engineering |
| Divisions: | General |
| Depositing User: | Mr Siva Shankar |
| Date Deposited: | 11 Apr 2012 06:15 |
| Last Modified: | 11 Apr 2012 06:15 |
| Official URL: | http://dx.doi.org/10.1016/0921-8009(91)90035-D |
| URI: | http://eprints.icrisat.ac.in/id/eprint/4626 |
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