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Search, bioprospecting and biodiversity conservation

Costello, Christopher; Ward, Michael

Description

To what extent can private-sector bioprospecting incentives be relied upon for the protection of biological diversity? The literature contains dramatically different estimates of these incentives, from trivial to quite large. We resolve this controversy by isolating the fundamental source of the discrepancy and then providing empirically defensible estimates based on that analysis. Results demonstrate that the bioprospecting incentive is unlikely to generate much private-sector conservation....[Show more]

dc.contributor.authorCostello, Christopher
dc.contributor.authorWard, Michael
dc.date.accessioned2015-12-08T22:16:55Z
dc.identifier.issn0095-0696
dc.identifier.urihttp://hdl.handle.net/1885/30895
dc.description.abstractTo what extent can private-sector bioprospecting incentives be relied upon for the protection of biological diversity? The literature contains dramatically different estimates of these incentives, from trivial to quite large. We resolve this controversy by isolating the fundamental source of the discrepancy and then providing empirically defensible estimates based on that analysis. Results demonstrate that the bioprospecting incentive is unlikely to generate much private-sector conservation. Thus, other mechanisms are likely required to preserve the public good of biodiversity.
dc.publisherAcademic Press
dc.sourceJournal of Environmental Economics and Management
dc.subjectKeywords: Conservation; Environmental impact; Industrial economics; Information retrieval; Social aspects; Bioprospecting; Private sector conservation; Biodiversity; biodiversity; incentive; private sector; public goods Biodiversity; Bioprospecting; Conservation; Efficient search; Information
dc.titleSearch, bioprospecting and biodiversity conservation
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume52
dc.date.issued2006
local.identifier.absfor140205 - Environment and Resource Economics
local.identifier.ariespublicationu4132787xPUB78
local.type.statusPublished Version
local.contributor.affiliationCostello, Christopher, University of California
local.contributor.affiliationWard, Michael, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue3
local.bibliographicCitation.startpage615
local.bibliographicCitation.lastpage626
local.identifier.doi10.1016/j.jeem.2006.04.001
dc.date.updated2015-12-08T08:05:26Z
local.identifier.scopusID2-s2.0-33750306616
CollectionsANU Research Publications

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