Research article - Peer-reviewed, 2016
Option Value, Substitutable Species, and Ecosystem Services
Persson, ErikAbstract
The concept of ecosystem services is a way of visualizing the instrumental value that nature has for human beings. Most ecosystem services can be performed by more than one species. This fact is sometimes used as an argument against the preservation of species. However, even though substitutability does detract from the instrumental value of a species, it also adds option value to it. The option value cannot make a substitutable species as instrumentally. valuable as a non-substitutable species, but in many cases, it can add enough value to make the species more valuable than the projects that threaten its existence.Keywords
ecosystem services; philosophyPublished in
Environmental Ethics2016, volume: 38, number: 2, pages: 165-181
Publisher: ENVIRONMENTAL PHILOSOPHY INC
Authors' information
Persson, Erik
Swedish University of Agricultural Sciences, Department of Landscape Architecture, Planning and Management
UKÄ Subject classification
Ethics
Publication Identifiers
DOI: https://doi.org/10.5840/enviroethics201638214
URI (permanent link to this page)
https://res.slu.se/id/publ/89106