Processes of regional economic integration have been shaping the economic relations between countries significantly during the last decades. In addition, an increasing integration of the national economies into the global economy has affected these economic relations, too. In an effort to...

Most people in Europe live in urban environments. For these people, urban green space is an important element of well-being, but it is often in short supply. We use self-reported information on life satisfaction and different individual green space measures to explore how urban green space...

Ocean acidification is increasingly recognized as a major global problem. Yet economic assessments of its effects are currently almost absent. Unlike most other marine organisms, mollusks, which have significant commercial value worldwide, have relatively solid scientific evidence of biological...

Genetic resources are living organisms that contain genetic information which is of importance for biotechnological research and development. Facing an accelerated worldwide loss in species diversity, the question is whether commercial trade with genetic resources can generate sufficient...

As growing attention is paid to climate change adaptation as an actual policy issue, the significant meaning of climate variability in adaptation decisions is beginning to be recognized. By using a real option framework, we shed light on how climate change and climate variability affect...