| dc.contributor.author | Batabyal, Amitrajeet | |
| dc.contributor.author | Kahn, James | |
| dc.contributor.author | O'Neill, Robert | |
| dc.date.accessioned | 2009-07-02T11:49:08Z | |
| dc.date.available | 2009-07-02T11:49:08Z | |
| dc.date.issued | 2003 | |
| dc.identifier.citation | Journal of Environmental Economics and Management, vol. 46, pp. 334-352, 2003 | en_US |
| dc.identifier.uri | http://hdl.handle.net/1850/10080 | |
| dc.description | RIT community members may access full-text via RIT Libraries licensed databases: http://library.rit.edu/databases/ | |
| dc.description.abstract | In this exploratory paper, we first make a case for considering the scarcity value of ecosystem services in
the analyses of jointly determined ecological–economic systems. Next, we point out that insight into the
scarcity value of an ecosystem service can be gained generally by examining the manner in which the state
of an ecosystem responds to changes in environmental conditions. Following this, we specialize our
discussion to the case of eutrophication in lakes. This leads us to pose and analyze a stochastic control
problem of lake management in which ecological thresholds are salient. Finally, we show that this
stochastic control theoretic framework can be used to obtain a numerical value that is closely related to the
scarcity value of an ecosystem service provided by lakes. | en_US |
| dc.language.iso | en_US | en_US |
| dc.publisher | Elsevier | en_US |
| dc.relation.ispartofseries | vol. 46 | en_US |
| dc.subject | Ecosystem management | en_US |
| dc.subject | Ecosystem service | en_US |
| dc.subject | Lake | en_US |
| dc.subject | Scarcity value | en_US |
| dc.subject | Stochastic control | en_US |
| dc.title | On the scarcity value of ecosystem services | en_US |
| dc.type | Article | en_US |
| dc.identifier.url | http://dx.doi.org/10.1016/S0095-0696(02)00040-2 | |
