Habitat conversion, information acquisition, and the conservation of biodiversity

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dc.contributor.author Batabyal, Amitrajeet
dc.date.accessioned 2009-06-05T17:06:54Z
dc.date.available 2009-06-05T17:06:54Z
dc.date.issued 2000
dc.identifier.citation Journal of Environmental Management, Volume 59, Issue 3, July 2000, Pages 195-203 en_US
dc.identifier.uri http://hdl.handle.net/1850/9761
dc.description.abstract We analyze two questions concerning the conservation of biodiversity in a dynamic and stochastic framework. First, given the link between natural habitats and biodiversity, when should a social planner stop the habitat conversion process? Second, what is the nexus between a social planner's optimal conservation policy And the length of this individual's planning horizon? We obtain the following two results. First the optimal conservation policy calls for the social planner to wait a while, i.e. not act upon receipt of the first (1/e) fraction of all utility packets. The social planner should then stop the habitat conversion process upon receipt of the first candidate packet. The probability that the use of this optimal conservation policy will result in the conversion process being halted at the optimal point is (1/e)=0.37. Second, because the proportion of time for which it is optimal to wait before acting is fixed, longer planning horizons result in the conservation of relatively larger stock of biodiversity. en_US
dc.language.iso en_US en_US
dc.publisher Academic Press en_US
dc.relation RIT Scholars content from RIT Digital Media Library has moved from http://ritdml.rit.edu/handle/1850/9761 to RIT Scholar Works http://scholarworks.rit.edu/article/298, please update your feeds & links!
dc.title Habitat conversion, information acquisition, and the conservation of biodiversity en_US
dc.type Article en_US
dc.description.college College of Liberal Arts en_US
dc.description.department Department of Economics en_US
dc.description.school Rochester Institute of Technology en_US

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