Incorporating distributional considerations in the safe minimum standard approach: Endangered species and local impacts

Robert P. Berrens, Michael McKee, Michael C. Farmer

Research output: Contribution to journalArticlepeer-review

10 Scopus citations

Abstract

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.

Original languageEnglish
Pages (from-to)461-474
Number of pages14
JournalEcological Economics
Volume30
Issue number3
DOIs
StatePublished - Sep 1999

Keywords

  • Distributional consequences
  • Endangered species
  • Safe minimum standard

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