Publication Details

Category Text Publication
Reference Category Journals
DOI 10.1016/S0921-8009(99)00164-0
Title (Primary) Ecosystem prices: activity analysis applied to ecosystems
Author Klauer, B.
Journal Ecological Economics
Year 2000
Department OEKON; OEKUS
Volume 33
Page From 473
Page To 486
Language englisch
Abstract In this paper a method is developed to derive prices for natural goods from information about material and energy hows within ecosystems. The derivation is based on an analogy between ecological and economic systems: both systems are characterized by flows of material and energy. To derive ecosystem prices the mathematical structure of Koopman's economic linear production model - his activity analysis - is applied to a material flow model of ecosystems. The ecological interpretation of these prices is discussed and the uniqueness of the price system is investigated. An algorithm for price calculation is derived and demonstrated with a numerical example. Finally, it is discussed whether ecosystem prices may be suitable as surrogates for economic valuations of natural goods.
Persistent UFZ Identifier
Klauer, B. (2000):
Ecosystem prices: activity analysis applied to ecosystems
Ecol. Econ. 33 , 473 - 486