Publication

Biodiversity is often adversely affected by human activities. This reduces social welfare but may be external to private economic decisions. Consequently, these external effects on biodiversity need to be considered explicitly in economic models, which is only partly reflected in the literature. So far, biodiversity is mostly treated only implicitly in multiple renewable resource models, or it is considered in terms of (genetic) variability or species richness only, but not in terms of indices that simultaneously account for species richness and evenness. However, both constitute important dimensions of biodiversity.