Chapter 11. Economics of Nature Conservation

  1. William J. Sutherland Professor of Biology
  1. Nick Hanley

Published Online: 14 OCT 2009

DOI: 10.1002/9781444313499.ch11

Conservation Science and Action

Conservation Science and Action

How to Cite

Hanley, N. (1998) Economics of Nature Conservation, in Conservation Science and Action (ed W. J. Sutherland), Blackwell Publishing Ltd., Oxford, UK. doi: 10.1002/9781444313499.ch11

Editor Information

  1. School of Biological Sciences, University of East, Anglia, Norwich NR4 7TJ, UK

Author Information

  1. Institute of Ecology and Resource Management, University of Edinburgh, Edinburgh EH9 3JG, UK

Publication History

  1. Published Online: 14 OCT 2009
  2. Published Print: 19 FEB 1998

ISBN Information

Print ISBN: 9780865427624

Online ISBN: 9781444313499



  • nature conservation and economics;
  • economics and market incentives;
  • markets - failing badly in resource allocation;
  • economic principles and methods;
  • optimality and Kaldor-Hicks principle;
  • nature conservation decisions and cost-benefit analysis (CBA);
  • Brent geese grazing on crops and cost to farmers;
  • bargaining and the Coase theorem;
  • capital concepts and sustainability rules;
  • Convention on International Trade in Endangered Species (CITES) treaty


This chapter contains sections titled:

  • Introduction

  • Economic principles and methods

  • Applying economics to nature conservation: three examples

  • Limits of economics