Abstract
This paper examines the interdisciplinary effort required to estimate the economic losses associated with the decline of an ecosystem. The focus of the paper is the estimation of a marginal damage function for the decline of submerged aquatic vegetation in Chesapeake Bay. This work is discussed both in the narrow terms of its applicability to this specific environmental problem, and in the more general terms of its applicability to broad ranges of environmental problems. The methodology for estimating marginal damage functions is introduced and actual estimations are reported. Suggestions are made as to how the process can be improved in future attempts.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
