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dc.contributor.authorNikitina, Ekaterina
dc.date.accessioned2019-01-18T12:17:11Z
dc.date.available2019-01-18T12:17:11Z
dc.date.issued2018-08-17
dc.description.abstractEstimation of the opportunity cost is necessary for the economic assessment of environmental conservation policies. This paper considers the case where an environmental good is negatively affected in the process of the production of marketable goods. In the presence of externalities, conservation implies the undertaking of abatement measures by polluters. A relevant measure of opportunity cost in these settings is the abatement cost required to preserve or restore a unit of the environmental good in question. Current economic literature lacks an established methodology for deriving such measures, as it commonly focuses on pricing pollutants rather than the natural stocks affected by them. This paper uses a non-optimal valuation approach suggested by Fenichel and Abbott (<a href=https://doi.org/10.1086/676034>JAERE 1(1/2):1–27, 2014</a>) as a point of departure and develops a framework for deriving the opportunity cost of conservation as the cost of externality abatement per unit of environmental good. An empirical illustration is provided for the case of the farmed and wild salmon trade-off in Norway in light of the current pollution control regulations.en_US
dc.identifier.citationNikitina, E. (2019). Opportunity Cost of Environmental Conservation in the Presence of Externalities: Application to the Farmed and Wild Salmon Trade-Off in Norway. <i>Environmental and Resource Economics</i>. https://doi.org/10.1007/s10640-018-0278-0en_US
dc.identifier.cristinIDFRIDAID 1623279
dc.identifier.doi10.1007/s10640-018-0278-0
dc.identifier.issn0924-6460
dc.identifier.issn1573-1502
dc.identifier.urihttps://hdl.handle.net/10037/14484
dc.language.isoengen_US
dc.publisherSpringeren_US
dc.relation.ispartofNikitina, E. (2020). Application of economic tools for informing Atlantic salmon management in Norway. Opportunity cost of protection measures, valuation of ecosystem services and environmental cost-benefit analysis. (Doctoral thesis). <a href=https://hdl.handle.net/10037/19527>https://hdl.handle.net/10037/19527 </a>.
dc.relation.journalEnvironmental and Resource Economics
dc.rights.accessRightsopenAccessen_US
dc.subjectVDP::Agriculture and fishery disciplines: 900::Fisheries science: 920en_US
dc.subjectVDP::Landbruks- og Fiskerifag: 900::Fiskerifag: 920en_US
dc.subjectCost–benefit analysisen_US
dc.subjectDamage functionen_US
dc.subjectEcosystem servicesen_US
dc.subjectOptimalityen_US
dc.subjectPolicy efficiencyen_US
dc.subjectProduction frontieren_US
dc.subjectProduction functionen_US
dc.subjectShadow priceen_US
dc.subjectValuationen_US
dc.titleOpportunity Cost of Environmental Conservation in the Presence of Externalities: Application to the Farmed and Wild Salmon Trade-Off in Norwayen_US
dc.typeJournal articleen_US
dc.typeTidsskriftartikkelen_US


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