1993/02/01 by Martin L. Weitzman · 3 citations
Environmental Science · Economics, Econometrics and Finance · #Forest Management and Policy #Fish Ecology and Management Studies #Economic and Environmental Valuation
paper · doi:10.2307/2118499
openalex publication_date 1993/02/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/06/30
This paper attempts to demonstrate how “diversity theory” can be applied to the analysis of real-world conservation policies. The specific example chosen to serve as a paradigm concerns preservation priorities among the fifteen species of cranes living wild throughout the world. The example is sufficiently actual to show how diversity theory can be used operationally to frame certain critical conservation questions and to guide us toward answers by providing informative quantitative indicators of what to protect. At the same time the cranes example is rich enough that it illustrates nicely some broad general principles about the economics of diversity preservation.