SALMON RECOVERY: As Viewed by Two Economists
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The value society places on salmon has changed over time. Values of
salmon were quite low relative to other uses during the period of irrigation,
hydropower and navigation development. This short sighted view of
resource values leaves a dwindling number of salmon and a legacy of
property rights which are difficult to change even though they may be
viewed as inappropriate for the future. Recently, the Endangered Species
Act (ESA) has been involved to halt the population decline. However, the
ESA is a narrow and inflexible tool to apply to complicated biological and