The physical output of ecological processes have different values even though they may be measured in the same physical units. Using linear input-output theory, we derive a set of weights based on direct and indirect energy requirements for ecosystem commodities which uniquely converts them into commensurable unit costs. Under certain conditions, these costs are equal to values or prices. Using this system, behavioral theories can be better posed for experimental verification.
ASJC Scopus subject areas
- Economics and Econometrics
- Management, Monitoring, Policy and Law