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It is widely believed that in developing countries, open-access to natural resources, inadequate private property rights, and lack of development of market systems add to the incidence of poverty. Increased economic efficiency is seen as a powerful force for reducing the extent of poverty in...

The precautionary principle was included in 1992 in the Rio Declaration and is part of important international agreements such as the Convention on Biological Diversity. Yet, it is not a straight-forward guide for environmental policy because many interpretations are possible as shown in this...

Global biodiversity loss and its consequences for human welfare and sustainable development have become major concerns. Economists have, therefore, given increasing attention to the policy issues involved in the management of genetic resources. To do so, they often apply empirical methods...