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Unformatted text preview: quantity approaches the minimum essential level of services. An example of this model would be the effects a natural disaster would have on the demand for lumber. For example, the supply for lumber before a tornado would be unchanged. In the aftermath of a tornado the consumer demand for lumber would increase on previously unchanged supply. Therefore, as the quantity decreases with the increased demand, the price increases. Although this model explains the demand and supply curves for ecosystem services, Constanza et al. uses instead the conventional model to estimate the value of the ecosystem services. Therefore, flaws and errors are certain to be contained in this attempt to determine the monetary worth of ecosystem services....
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This note was uploaded on 06/30/2011 for the course HNR 231 taught by Professor Staff during the Fall '01 term at Sam Houston State University.
- Fall '01