Co-sponsored by Peking University Institute for Global Health and Development, and the Asia Health Policy Program

July 11th, 5-6 pm PST; July 12th, 2023, 8-9 am Beijing Time

Scientific evidence documents an ongoing mass extinction of species, caused by human activity. Allocating conservation resources is difficult due to scarce evidence on the damages from losing specific species. This paper studies the collapse of vultures in India, triggered by the expiry of a patent on a painkiller. Our results suggest the functional extinction of vultures --- efficient scavengers who removed carcasses from the environment --- increased human mortality by over 4% because of a large negative shock to sanitation. These effects are comparable to estimates of heat deaths from climate change. We quantify damages at $69.4 billion per-year.

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Eyal Frank is an Assistant Professor at the Harris School of Public Policy and the Energy Policy Institute (EPIC) at the University of Chicago. He works at the intersection of economics and conservation, addressing three broad questions: (i) how do natural inputs, namely animals, contribute to different production functions of interest, (ii) how do market dynamics reduce natural habitats and lead to declining wildlife population levels, and (iii) what are the costs, indirect ones in particular, of conservation policies. To overcome causal inference challenges—as manipulating ecosystems and species at large scales is often infeasible—his work draws on natural experiments from ecology and policy, and uses econometric techniques to advance our understanding regarding the social cost of biodiversity losses.

Zoom Meeting:
Meeting ID: 849 6673 1656
Passcode: 110194