TY - JOUR
T1 - Incorporating distributional considerations in the safe minimum standard approach
T2 - Endangered species and local impacts
AU - Berrens, Robert P.
AU - McKee, Michael
AU - Farmer, Michael C.
PY - 1999/9
Y1 - 1999/9
N2 - Explicitly incorporating current distributional concerns into the safe minimum standard (SMS) approach is the objective of this study. The SMS approach is a collective choice process that prescribes protecting a minimum level of a renewable natural resource unless the social costs of doing so are somehow excessive or intolerably high. More complete implementation of an SMS approach, if it is to be a pragmatic policy tool, requires that distributional considerations be included in determining whether the economic consequences of preservation actions are intolerable. Two case studies involving the US Endangered Species Act are used to illustrate how distributional concerns might be incorporated into the SMS approach.
AB - Explicitly incorporating current distributional concerns into the safe minimum standard (SMS) approach is the objective of this study. The SMS approach is a collective choice process that prescribes protecting a minimum level of a renewable natural resource unless the social costs of doing so are somehow excessive or intolerably high. More complete implementation of an SMS approach, if it is to be a pragmatic policy tool, requires that distributional considerations be included in determining whether the economic consequences of preservation actions are intolerable. Two case studies involving the US Endangered Species Act are used to illustrate how distributional concerns might be incorporated into the SMS approach.
KW - Distributional consequences
KW - Endangered species
KW - Safe minimum standard
UR - http://www.scopus.com/inward/record.url?scp=0032700340&partnerID=8YFLogxK
U2 - 10.1016/S0921-8009(99)00034-8
DO - 10.1016/S0921-8009(99)00034-8
M3 - Article
AN - SCOPUS:0032700340
SN - 0921-8009
VL - 30
SP - 461
EP - 474
JO - Ecological Economics
JF - Ecological Economics
IS - 3
ER -