Welfare Estimates of Avoided Ocean Acidification in the U.S. Mollusk Market
Ocean acidification has the potential to adversely affect a number of valuable marine ecosystem services by making it more difficult, and eventually impossible, for many marine organisms to form shells and skeletons. Reef-forming corals, commercially valuable shellfish, and primary producers that fo...
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ftagecon:oai:ageconsearch.umn.edu:197376 2024-09-15T18:27:38+00:00 Welfare Estimates of Avoided Ocean Acidification in the U.S. Mollusk Market Moore, Chris 2017-04-01T15:30:16Z https://doi.org/10.22004/ag.econ.197376 http://ageconsearch.umn.edu/record/197376 https://ageconsearch.umn.edu/record/197376/files/JARE_Jan2015__4_Moore_pp50-62.pdf eng eng doi:10.22004/ag.econ.197376 https://ageconsearch.umn.edu/record/197376/files/JARE_Jan2015__4_Moore_pp50-62.pdf http://ageconsearch.umn.edu/record/197376 http://ageconsearch.umn.edu/record/197376 Text 2017 ftagecon https://doi.org/10.22004/ag.econ.197376 2024-07-05T12:14:15Z Ocean acidification has the potential to adversely affect a number of valuable marine ecosystem services by making it more difficult, and eventually impossible, for many marine organisms to form shells and skeletons. Reef-forming corals, commercially valuable shellfish, and primary producers that form the base of the marine food web are among the affected organisms. Despite the range and magnitude of likely impacts, very few economic analyses of ocean acidification’s consequences have been conducted. This paper adds to the emerging body of literature by taking a distance function approach to estimating the benefits of avoided ocean acidification in the U.S. mollusk market. A nonlinear inverse almost ideal demand system estimates the utility parameters needed to calculate the exact consumer welfare measures compensating and equivalent surplus for two hypothetical policies that would reduce global greenhouse gas emissions relative to a business-as-usual scenario. Text Ocean acidification AgEcon Search - Research in Agricultural & Applied Economics |
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AgEcon Search - Research in Agricultural & Applied Economics |
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English |
description |
Ocean acidification has the potential to adversely affect a number of valuable marine ecosystem services by making it more difficult, and eventually impossible, for many marine organisms to form shells and skeletons. Reef-forming corals, commercially valuable shellfish, and primary producers that form the base of the marine food web are among the affected organisms. Despite the range and magnitude of likely impacts, very few economic analyses of ocean acidification’s consequences have been conducted. This paper adds to the emerging body of literature by taking a distance function approach to estimating the benefits of avoided ocean acidification in the U.S. mollusk market. A nonlinear inverse almost ideal demand system estimates the utility parameters needed to calculate the exact consumer welfare measures compensating and equivalent surplus for two hypothetical policies that would reduce global greenhouse gas emissions relative to a business-as-usual scenario. |
format |
Text |
author |
Moore, Chris |
spellingShingle |
Moore, Chris Welfare Estimates of Avoided Ocean Acidification in the U.S. Mollusk Market |
author_facet |
Moore, Chris |
author_sort |
Moore, Chris |
title |
Welfare Estimates of Avoided Ocean Acidification in the U.S. Mollusk Market |
title_short |
Welfare Estimates of Avoided Ocean Acidification in the U.S. Mollusk Market |
title_full |
Welfare Estimates of Avoided Ocean Acidification in the U.S. Mollusk Market |
title_fullStr |
Welfare Estimates of Avoided Ocean Acidification in the U.S. Mollusk Market |
title_full_unstemmed |
Welfare Estimates of Avoided Ocean Acidification in the U.S. Mollusk Market |
title_sort |
welfare estimates of avoided ocean acidification in the u.s. mollusk market |
publishDate |
2017 |
url |
https://doi.org/10.22004/ag.econ.197376 http://ageconsearch.umn.edu/record/197376 https://ageconsearch.umn.edu/record/197376/files/JARE_Jan2015__4_Moore_pp50-62.pdf |
genre |
Ocean acidification |
genre_facet |
Ocean acidification |
op_source |
http://ageconsearch.umn.edu/record/197376 |
op_relation |
doi:10.22004/ag.econ.197376 https://ageconsearch.umn.edu/record/197376/files/JARE_Jan2015__4_Moore_pp50-62.pdf http://ageconsearch.umn.edu/record/197376 |
op_doi |
https://doi.org/10.22004/ag.econ.197376 |
_version_ |
1810468878965276672 |