The science of ecosystem services has evolved significantly in the last decade following an increase in interest in the understanding and valuation of these services. Forests provide important ecosystem services that supply societal needs, such as timber, but this provision is not free of...

Quick recovery of the affected areas after a wildfire is important in order to restore the production of the various ecosystem services. We develop a theoretical valuation model that contains a forest insurance policy, in order to protect the landowner against total or partial losses caused by...