Skip to main content
Kent Academic Repository

The Economics of Species Extinction: An Economist’s Viewpoint

Fraser, Iain M, Roberts, David L., Brock, Michael (2023) The Economics of Species Extinction: An Economist’s Viewpoint. Cambridge Prisms: Extinction, 1 . Article Number E20. ISSN 2755-0958. (doi:10.1017/ext.2023.18) (KAR id:101898)

PDF Publisher pdf
Language: English

Download this file
[thumbnail of the-economics-of-species-extinction-an-economists-viewpoint.pdf]
Request a format suitable for use with assistive technology e.g. a screenreader
PDF Author's Accepted Manuscript
Language: English

Restricted to Repository staff only

Contact us about this Publication
[thumbnail of Extinction Economics Final Accepted Version June 30 2023.pdf]
Official URL:


There is growing evidence to suggest that there is an increase in species extinction occurring globally. In this paper, we briefly review the literature on the economics of species extinction, examining what is meant by extinction before explaining how economics has conceptualised this. The initial economics literature on species extinction focuses largely on renewable resources, in particular fisheries, but has subsequently evolved to cover many aspects of biodiversity across all physical scales, employing an increasing array of methodological tools. We also consider aspects of cultural and societal extinctions (e.g. local languages, local knowledge) and how this is positively correlated with loss of biodiversity, as well as an economist’s outlook on the potential to re-capture value post-extinction.

Item Type: Article
DOI/Identification number: 10.1017/ext.2023.18
Uncontrolled keywords: Species Extinction, Economic Valuation, Bioeconomic Models
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HB Economic Theory
Divisions: Divisions > Division of Human and Social Sciences > School of Anthropology and Conservation > DICE (Durrell Institute of Conservation and Ecology)
Divisions > Division of Human and Social Sciences > School of Economics
Funders: University of Kent (
Depositing User: Iain Fraser
Date Deposited: 30 Jun 2023 10:38 UTC
Last Modified: 09 Jan 2024 04:06 UTC
Resource URI: (The current URI for this page, for reference purposes)

University of Kent Author Information

  • Depositors only (login required):

Total unique views for this document in KAR since July 2020. For more details click on the image.