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Economic analysis of soil degradation

Economic analysis of soil degradation

Gatekeeper Series IIED/UCL London Environmental Economics Centre ( GK 92-01): 13pp.

The decision to conserve soil can be described as a function of many variables, including the marginal product of fertile soil, agricultural input and output prices, risk and uncertainty, time preference and the opportunity costs of labour and capital, and information. Virtually all decision models suggest that some depletion of soil fertility can be justified on economic grounds.

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