AREC365 Lecture Notes - Lecture 29: Lesson Learned, Contingent Valuation, Triage

• School: University of Alberta
• Department: Agricultural and Resource Economics
• Course: AREC365
• Professor: Terence Veeman

Document Summary

Applying bca to human mortality risk we"re okay doing that, but when it comes to endangered species we"re uncomfortable doing this. Putting resources into species that might come back vs. ones that are a lost cause. Carbiou habitat map lines up with the oil sands map. Lesson learned 2: triage is an unpalatable concept. Invest in the ones you can bring back. Others might not be able to come back. Don"t use the word triage, use prioritization resource allocation issue. Lesson learned 3: property rights is still a signi cant problem this is at least as big a problem on public land allocated lots of rights to forestry sector, energy sector, etc. on public land. They say sure, as long as you create caribou habitat somewhere else and before you want to do your thing have it ready to go already. With multiple owners and public land, this doesn"t work.