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The Baker Center's Interdisciplinary Group on Energy and Environmental Policy presents Nick Hanley, Professor of Environmental Economics at the University of Stirling in Scotland. "Why Is It so Difficult to Measure the Economic Value of Changes in “Biodiversity”? Thursday, Nov. 10 @ the Toyota Auditorium, 3:30 - 5 pm Free & open to the public. Nick writes: “In this presentation, I run through the main ways in which economists attempt to measure the dollar value of biodiversity. This mostly turns out to be an attempt to measure the value of changes in species populations and habitat. We review why such estimates are desirable, and how they might be used, and consider examples from a number of recent studies. I then review a number of problems in such work, including information, preference construction and valuing resilience.” Nick Hanley is a Professor of Environmental Economics and Head of the Economics Division at the University of Stirling in Scotland. He specializes in environmental economics, environmental valuation, cost-benefit analysis, economics of sustainable development and agricultural economics. Nick has written or edited 11 books on topics in environmental economics, including most recently Pricing Nature with E. Barbier. Nick has published over 150 peer reviewed journal articles or book chapters; these include collaborations with environmental historians, ecologists, and many other disciplines. Nick will be giving his talk in person and is visiting UTK from Scotland for a few days. The Baker Center discussion forum is an opportunity for academics to share their research findings to a broad set of academics, researchers, and students from outside their own discipline but who have a common interest in environmental and energy issues. For more information about the Baker Center Interdisciplinary Group on Energy and Environmental Policy visit the forum’s website: http://web.utk.edu/~jlarivi1/bcinter.html. By clicking on the talk titles for the other sessions this semester you can also now access recordings of these presentations and discussions. Please join us for what promises to be a very interesting discussion and presentation. Paul Armsworth, College of Arts and Sciences Jacob LaRiviere, College of Business Administration Becky Jacobs, College of Law Chris Clark, College of Agricultural Sciences and Natural Resources