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Nonmarket Economic Values for Salmon and Wildlife Resources

by Darryll Olsen, Northwest Irrigation Utilities,



Document Type: Proceeding Paper

Part of: Water Management in the '90s: A Time for Innovation

Abstract:

Until recently, resource economists primarily focused on measuring the direct net value of fish and wildlife resources, when analyzing management options. And the technical literature abounds with examples of how to estimate these nonmarket economic values (Olsen 1991). But for making important management decisions affecting fish and wildlife resources, direct net values are becoming less significant-the pendulum for resource management decision criteria is swinging toward a new direction. In the Pacific Northwest, the desire for local economic benefits derived from fish and wildlife resources and the concern about securing cost-effective resource mitigation and enhancement actions is outweighing more 'conventional' economic benefit assessments.

Subject Headings: Economic factors | Fish and fishery management | Wildlife | Resource management | Benefit cost ratios | Mitigation and remediation | Financial management

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