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Tom Bozzo
@atbozzo.bsky.social
Dad, spouse, economist, cyclist, Lego maniac (not necessarily in that order).
143 followers251 following112 posts
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I am not often blown away by a paper in the American Economic Review, but genuinely gobsmacked here. The causal chain here is veterinary use of a painkiller that's toxic to vultures -> vulture populations collapse -> higher human mortality from unscavenged carcasses. www.aeaweb.org/articles?id=...

The Social Costs of Keystone Species Collapse: Evidence from the Decline of Vultures in India
By Eyal Frank and Anant Sudarshan
Scientific evidence has documented we are undergoing a mass extinction of species, caused by human activity. However, allocating conservation resources is difficult due to scarce evidence on damages from losing individual 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 that removed carcasses from the environment—increased human mortality by over 4 percent because of a large negative shock to sanitation. We quantify damages at $69.4 billion per year. These results suggest high returns to conserving keystone species such as vultures.
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The estimated cost ($70 billion a year!) could be high by a factor of 10 and I'd still be astonished.

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Tom Bozzo
@atbozzo.bsky.social
Dad, spouse, economist, cyclist, Lego maniac (not necessarily in that order).
143 followers251 following112 posts