Saturday, October 9, 2010

200 new species

This happens every year and it always amazes me... we know so much and at the same time we're clueless.

Economic implications?


Ryan McKnight said...

I guess these species now have a non-use, "option" value. Before we discovered them, they had a non-use, "quasi-option" value.

Anonymous said...

If the rate of species discovery per survey increases, then the quasi-option values in future valuations of "unexplored areas" should increase as well.

David Gill

Todd Ebner said...

It amazes me too that new species are still being found, even bigger ones such as mammals in the dense jungle. These species have non-use value for now with an option value for possible use of the plant or insect species in the future. The rainforest should still have quasioption value incase of future discovery of more species. I would also say it still have bequest value because this is 1/3 rainforests left in the world and should be preserved for future generations to have the option of experiencing something like it.

Alexis M said...

I think it is amazing that we still are finding so many new species that we never knew even existed. These new species have non-use values, such as option value and bequest. The rainforest could have quasi option value because there may be more species we have yet to find.