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Cold water coral ecosystems and their biodiversity: a review of their economic and social value

Foley, Naomi
; 
van Rensburg, Thomas M.
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Identifiers
http://hdl.handle.net/10379/989
 https://doi.org/10.13025/23072
Publication Date
2008
Keywords
Cold-water coral, Goods and services, Total economic value (TEV), Resilience, Biodiversity, Economics
Type
Working Paper
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Citation
Foley, N., van Rensburg, T. M., & Armstrong, C. W., (2008) "Cold water coral ecosystems and their biodiversity: a review of their economic and social value" (Working Paper No. 0131) Department of Economics, National University of Ireland, Galway.
Abstract
Despite the growing scientific literature on cold-water corals (CWC) there appears to be no research of an economic nature applied to the resource. This paper presents an overview of the goods and services of CWC and their associated biodiversity. Use and non-use values associated with CWC are presented, and the methods relevant for assessing their valuation are discussed. The impact of human induced disturbance on CWC is reviewed, in order to indicate how knowledge of CWC values can be used by policy makers in the management of CWC as a habitat and vehicle for biodiversity.
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Publisher
National University of Ireland, Galway
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Rights
Attribution-NonCommercial-NoDerivs 3.0 Ireland
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Collections
Economics (Working Papers)