文章基本信息

标题：Valuation of Biodiversity for Use in New Product Research in a Model of Sequential Search
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作者：Simpson, R. David ; Sedjo, Roger A.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：1996
期号：SUPPL
出版社：Food Distribution Research Society
摘要：We develop a model of search in which a researcher chooses the size of sequential batches of samples to test. While earlier work has considered similar questions, the contribution of this paper is to use the search model to place a value on the marginal research opportunity. The valuation of such opportunities may be of little interest or relevance in many of the contexts in which search models are employed, but we apply our analysis to an area of considerable societal interest: the valuation of biological diversity for use in new product research. While data from which to make inferences are limited, we find that, using plausible estimates of relevant parameters, the value of biodiversity in these applications is negligible.
关键词：biodiversity;search;sequential;conservation incentives