One of the key challenges in designing agri-environmental schemes targeted at conservation is the determination of the amount of financial resources that should be allocated towards a particular aim such as the conservation of an endangered species. Economists can contribute to an answer by...

The ‘cascade model’ of ecosystem service generation and valuation highlights the links between biophysical aspects/biodiversity and human well-being, in particular for the case of marginal changes, but does not include societal processes. Services seem to flow effortlessly from ecosystems to...