Abstract
This paper describes a model under which the maximization of option value leads to a preference for biological diversity arising from potential substitutability among species.
Original language | English (US) |
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Pages (from-to) | 171-181 |
Number of pages | 11 |
Journal | Environmental & Resource Economics |
Volume | 3 |
Issue number | 2 |
DOIs | |
State | Published - Apr 1 1993 |