Search, bioprospecting and biodiversity conservation

Christopher Costello, Michael Ward

Research output: Contribution to journalArticleResearchpeer-review

27 Citations (Scopus)

Abstract

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. Thus, other mechanisms are likely required to preserve the public good of biodiversity.
Original languageEnglish
Pages (from-to)615 - 626
Number of pages12
JournalJournal of Environmental Economics and Management
Volume52
Issue number3
DOIs
Publication statusPublished - 2006

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