Machine generated contents note: PART I FRAMEWORK FOR ANALYSIS OF CONSERVATION POLICY -- 1 Martin L. Weitzman (1998), 'The Noah's Ark Problem', Econometrica, 66, pp. 1279-98. -- 2 Stephen Polasky and Andrew R. Solow (1999), 'Conserving Biological Diversity with Scarce Resources', in J. Klopatek...

Society faces difficult choices over whether to allow habitat conversion for economic gain versus conserving habitat to protect biodiversity. Because the conservation of biodiversity and the material well being of the human population are both important goals, it is important to set conservation...