A MODEST PROPOSAL FOR THE EXTENSION OF NONMARKET VALUATION METHODS

2015/04/23 by Andrew G. Keeler · 1 voice · 1 citation
Economics, Econometrics and Finance · Engineering · Environmental Science · #Economic and Environmental Valuation #Fish Ecology and Management Studies #Water resources management and optimization

paper · doi:10.1111/ecin.12217

openalex publication_date 2015/04/23 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/27

Abstract

Welfare economics must adapt to the growing consensus over the assignment of rights to animals. We extend nonmarket valuation techniques to the study and measurement of the preferences of Chinook salmon regarding their aquatic habitat and the value of their existence. We find that these techniques are as valid for fish as they are for humans. Our applied study indicates that opportunities exist for Pareto‐improving trades between salmon and California agricultural and hydropower interests. ( JEL Q510)

Cited by

• Animal welfare in non-anthropocentric cost-benefit analysis and social welfare functions: A critical review to guide practical application

Discussions

• Keeler (Economic Inquiry 2016) provides a tractable approach to estimating models' preferences. doi.org/10.1111/ecin... [bsky, 1 points, 1 comments]

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