Measures of energy cost and value in ecosystems

Bruce Hannon, Robert Costanza, Robert A. Herendeen

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish (US)
Pages (from-to)391-401
Number of pages11
JournalJournal of Environmental Economics and Management
Volume13
Issue number4
DOIs
StatePublished - Dec 1986

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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