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) |
|---|---|
| Pages (from-to) | 171-181 |
| Number of pages | 11 |
| Journal | Environmental & Resource Economics |
| Volume | 3 |
| Issue number | 2 |
| DOIs | |
| State | Published - Apr 1993 |
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