Changes between Version 1 and Version 2 of EwEugNonMarketPrice


Ignore:
Timestamp:
2010-11-23 01:11:16 (9 years ago)
Author:
shermanl
Comment:

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  • EwEugNonMarketPrice

    v1 v2  
    11== 6.16 Non-market price == 
    22 
    3 Shadow price or non-market price represents the value of a resource in the ecosystem, e.g., for non-exploitative uses. Values should be expressed in monetary units per unit biomass. At present it is assumed that there is a linear relationship between the biomass of a resource and its non-market price (if there is any). Hence, for groups with a non-market price it is assumed that a doubling in biomass will lead to a doubling of the resources non-market value. See also [wiki:EwEugOffVesselPrice Off-vessel price]. 
     3Shadow price or non-market price represents the value of a resource in the ecosystem, e.g., for non-exploitative uses. Values should be expressed in monetary units per unit biomass. At present it is assumed that there is a linear relationship between the biomass of a resource and its non-market price (if there is any). Hence, for groups with a non-market price it is assumed that a doubling in biomass will lead to a doubling of the resource's non-market value. See also [wiki:EwEugOffVesselPrice Off-vessel price].