Option Value, Substitutable Species, and Ecosystem Services

Environmental Ethics 38 (2):165-181 (2016)
Download Edit this record How to cite View on PhilPapers
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.
PhilPapers/Archive ID
Upload history
Archival date: 2020-03-10
View other versions
Added to PP index

Total views
162 ( #35,596 of 2,454,407 )

Recent downloads (6 months)
59 ( #12,371 of 2,454,407 )

How can I increase my downloads?

Downloads since first upload
This graph includes both downloads from PhilArchive and clicks on external links on PhilPapers.