We develop a conceptual framework for valuing biodiversity from an economic perspective. We consider biodiversity … important because of a number of characteristics or services that it provides or enhances. We attribute biodiversity loss to … biodiversity are internalized, to that of a private optimization problem. We obtain an endogenous measure of the biodiversity value …

We develop a conceptual framework for valuing biodiversity from an economic perspective. We consider biodiversity … welfare measure of biodiversity that complements the existing literature on benefit-cost approaches and genetic distance … measure of the biodiversity value to ecologically/biologically oriented biodiversity metrics (species richness, Shannon or …