APEC100 Midterm: Exam 2 study guide
9 Mar 2017
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*lecture 8: estimating the value of ecosystem services. Nyc, charles river basin trees, forests, and air cleaning. Major source of recourse goods and jobs. Open space helps sell homes and communities. How/why do values change? income of residents. Examples: trees & forests, farms, tourism, recreation, real estate, property values. Cost-effective conservation planning: lessons from economics journal of. Wine example (apply to land conservation short answer) Benefit targeting (talking about best, but does not consider cost in land) Best outcome for of wine-- 3 bottles, each . Best outcome for of wine-- 12 bottles, each . Best outcome for of wine-- 60 bottles, each . Wetlands for water filtration and flood prevention. Salt marshes for wildlife habitats and storm prevention. Develop optimization tools to improve public investment in conservation services. Educate government and nonprofit leaders to use these tools. Way to solve market failure - charging people who use the product.
