Table of Contents

Sustaining Biodiversity and Ecosystem Functions

Sustaining Biodiversity and Ecosystem Functions

Economic Issues

Clement A. Tisdell

This innovative book identifies socio-economic processes which transform the stock of genetic resources and ecosystems and discusses sustainability issues raised by variations in this stock. It focuses subsequently on the socio-economics of the conservation and change in the stock of human developed germplasm and ecosystems. Particular attention is given to crops, livestock, GMOs, reduced economic value due to biological erosion, alternative agroecosystems, and property rights in germplasm. The book concludes with an exploration of the economic topics dealing with changes in the stock of wild germplasm and natural ecosystems, and discusses the associated valuation problems.

Chapter 11: The conservation and loss of wild biodiversity and natural ecosystems: basic economic issues

Clement A. Tisdell

Subjects: economics and finance, environmental economics, environment, environmental economics, management natural resources


Whereas the previous part of this book focused primarily on human managed biodiversity and human developed ecosystems, this part deals mainly with the economics of the conservation and loss of wild biodiversity and natural ecosystems. The discussion in this chapter extends that in Chapters 2 and 3, by paying particular attention to the basic economics of the loss of wild biodiversity, including natural ecosystems. However, it needs to be recognized that there is no distinct division between wild (unmanaged) biodiversity and human managed biodiversity because the extent to which human beings influence biodiversity forms a continuous spectrum. Nevertheless, because of bounded rationality, it is not practical to analyse all possibilities on the multidimensional spectrum of biodiversity. It is only practical to analyse some of the ‘ideal’ or selected types in this spectrum. By doing so, we can obtain an improved appreciation of the whole spectrum and can develop our selection of economic techniques to assess these different situations. In cases where biodiversity is highly controlled by human beings, private goods (the consumption of which is rivalrous and excludable) are mainly produced.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information