Saturday, April 27, 2013

How much is a caribou worth?

One of the students in class this semester included this gem in his paper. In case you didn't know the true value of a caribou, it's right here:

Sums it all up, doesn't it? :)

...from Ben Abdallah, S., & Lasserre, P. (2012). A Real Option Approach to the Protection of a Habitat Dependent Endangered Species.Resource And Energy Economics, 34(3), 295-318.

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