We study how income inequality affects the social value of a dynamic public good, such as natural capital. Our theory … values between study and policy contexts, or to up-scale values from study sites to the national scale. Our theory provides …

substitutable with manufactured goods and often exhibit considerably lower growth rates. Theory has shown that we should either … is scarce. We provide first comprehensive country-specific evidence, taking Germany as a case study. We estimate growth … studies in Germany. We find that the relative price of ecosystem services has increased by more than four percent per year in …

While the global economy continues to grow, ecosystem services tend to stagnate or decline. Economic theory has shown … empirical evidence has been sparse to put theory into practice. To estimate the relative price change in ecosystem services that …