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"(Ecologists) recommendations, when problems arise, tend to favor the preservation of nature, or to favor management programs that optimize only the biological side of the problem. It is not surprising that man, in self-interest, has usually chosen instead the recommendations of the economist or...
Persistent link: https://www.econbiz.de/10010696398
We explore the economic effects of biodiversity loss by developing an ecologically-founded model that captures how …, which depends, among other things, on the distribution of biodiversity losses across ecosystem functions. We discuss how … these fragility measures can help policymakers assess the risks induced by biodiversity loss and prioritize conservation …
Persistent link: https://www.econbiz.de/10014635641
concerns over the extent and rate of biodiversity loss have led to renewed interest in extinction outcomes and speculation …
Persistent link: https://www.econbiz.de/10014447273
Social-ecological systems are complex adaptive systems where social and biophysical agents are interacting at multiple temporal and spatial scales. The main challenge for the study of governance of social-ecological systems is improving our understanding of the conditions under which cooperative...
Persistent link: https://www.econbiz.de/10014024375
We bridge the non-market microeconomic recreational demand and bioeconomic modeling literatures by constructing a dynamic model to guide optimal management of recreational fisheries. Our model incorporates multiple forms of angler heterogeneity and directly models feedbacks between policy...
Persistent link: https://www.econbiz.de/10011043432
Drought, land degradation, and desertification are global problems which involve different climatic, soil, vegetation, agricultural and demographic factors. Originally attributed to the most arid regions of the world, the risk of desertification has rapidly increased in temperate regions. In...
Persistent link: https://www.econbiz.de/10010700839
Much of the improvement in living standards in developed and developing countries is attributable to the exploitation of nonrenewable and renewable resources. The problem is to know when the exploitation occurs at rates and with technologies that are sustainable. If the technologies used are not...
Persistent link: https://www.econbiz.de/10010603973
In the real options approach to capital budgeting, plans that allow for flexibility in the design or timing of an investment or economic action are valuable. Real options naturally arise in decisions to develop, extract, or harvest natural resources. We (a) review the existing literature in the...
Persistent link: https://www.econbiz.de/10010614175
We study long-run growth in a multi-sector economy with non-renewable resource use and endogenous innovations. Unlike recent capital resource models, we find that poor input substitution need not be detrimental for sustainable growth; on the contrary, combined with resource depletion it fosters...
Persistent link: https://www.econbiz.de/10010871005
The purpose of this chapter is to identify the reasons for collective action failures and successes in natural resource management, and to understand, in the light of economic theory, the mode of operation of the factors involved whenever possible. In the first section, we clarify the notion of...
Persistent link: https://www.econbiz.de/10014023941