Environmental Economics

Valuing Ecosystem Functions: The Effects of Acidification

The purpose of the paper is to develop a link between the ecosystem and economy that will allow an economic evaluation of the benefits of ecosystem structure. Researchers of this paper are concerned that the effects of pollution on ecosystems are improperly valued because environmental economics research focuses on the valuation of species directly consumed by humans such as trout, and does not explicitly value species in the food chain such as cadflies, which the trout need to survive. The researchers broaden the traditional approach to ecosystem valuation by including bioenergetics. An ecosystem model is described using the notions of production functions, optimization and equilibria. Then a general equilibrium model is specified by introducing human utility maximizing behavior which interferes with the ecosystem and causes changes in the sources and uses of energy.

  • Keywords

    1. Benefits Analysis
    1. Benefits Analysis - Quantification without Monetization
    Environmental Media:
    e. Ecosystems
    Crocker, Thomas D.
    Tschirhart, John T.
    Adams, Richard M.
    EPA Project Officer/ Manager:
    Carlin, Alan
    Geographic Area:
    Study Purpose:
    Methodology Development & Evaluation
    Inventory Record #: EE-0043
  • Participating Organizations

    Research Organization:

    Wyoming, University ofAddress:
    City: Laramie State: WY ZIP:
    Phone: Fax:
    Funding Organization:
    Environmental Protection Agency, Office of Research and DevelopmentAddress:
    City: State: ZIP:
    Phone: Fax:
  • Report Details
    Number of Pages:
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    Date Linked: 05/28/2009