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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ftdatacite:10.22004/ag.econ.197376 2023-05-15T17:49:17+02:00 Welfare Estimates of Avoided Ocean Acidification in the U.S. Mollusk Market Moore, Chris Moore, Chris 2015 https://dx.doi.org/10.22004/ag.econ.197376 https://ageconsearch.umn.edu/record/197376 en eng Unknown Agribusiness Crop Production/Industries Marketing FOS Economics and business compensating surplus equivalent surplus inverse demand system ocean acidification article-journal Text ScholarlyArticle 2015 ftdatacite https://doi.org/10.22004/ag.econ.197376 2021-11-05T12:55:41Z 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 DataCite Metadata Store (German National Library of Science and Technology) |
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Open Polar |
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DataCite Metadata Store (German National Library of Science and Technology) |
op_collection_id |
ftdatacite |
language |
English |
topic |
Agribusiness Crop Production/Industries Marketing FOS Economics and business compensating surplus equivalent surplus inverse demand system ocean acidification |
spellingShingle |
Agribusiness Crop Production/Industries Marketing FOS Economics and business compensating surplus equivalent surplus inverse demand system ocean acidification Moore, Chris Moore, Chris Welfare Estimates of Avoided Ocean Acidification in the U.S. Mollusk Market |
topic_facet |
Agribusiness Crop Production/Industries Marketing FOS Economics and business compensating surplus equivalent surplus inverse demand system ocean acidification |
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 Moore, Chris |
author_facet |
Moore, Chris 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 |
publisher |
Unknown |
publishDate |
2015 |
url |
https://dx.doi.org/10.22004/ag.econ.197376 https://ageconsearch.umn.edu/record/197376 |
genre |
Ocean acidification |
genre_facet |
Ocean acidification |
op_doi |
https://doi.org/10.22004/ag.econ.197376 |
_version_ |
1766155574617047040 |