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Economic Issues in Ecosystem Management: An Introduction and Overview

Published online by Cambridge University Press:  15 September 2016

Stephen K. Swallow
Stephen K. Swallow*
Affiliation:
The Department of Environmental and Natural Resource Economics, University of Rhode Island, Kingston, R.I.
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Abstract

Ecosystem management may extend multiple use management, where economists identify and value a complex mix of ecosystem outputs. The dominant theme in conservation biology favors “safe minimum standard” (SMS) constraints on ecosystem attributes, which respond to complex and purely uncertain ecological knowledge and lead economists toward valuation questions that identify “tolerable” constraints. A hierarchical SMS constraint raises substitution possibilities among ecosystem-level components. Economists may identify unavoidable resource tradeoffs, such as in allocating land among elements of a reserve network, particularly when ecological wealth differs among geographically dispersed human communities. Economic and ecological ironies obfuscate intuitive contributions to ecosystem management policy.

Type
Invited Presentations
Information
Agricultural and Resource Economics Review , Volume 25 , Issue 2 , October 1996 , pp. 83 - 100
Copyright
Copyright © 1996 Northeastern Agricultural and Resource Economics Association 

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