The Knowledge Flow Paper at hand gives an overview of the economic reasons for the loss of biodiversity and eco¬system services, i.e. the public goods character and externalities. It points out that natural ecosystems have a higher economic value than currently reflected by market prices. The...

The Ecosystem Service approach has gained a lot of attention lately, as it interlinks ecosystems with the benefits humans derive from them. The Knowledge Flow paper at hand is giving a first overview of the Ecosystem Service approach. The paper focuses on the basic understanding of the concept...

Based on a contingent valuation study in Shanghai the authors assess people’s willingness to contribute personally to the alleviation of environmental problems occurring in distant parts of the country. One split of survey assessed Shanghai residents’ willingness to pay for the preservation...

In this paper we review a number of methodological challenges of evaluating and designing economic instruments aimed at biodiversity conservation and ecosystem services provision in the context of an existing policy mix. In the context of the EU 2010 goal of halting biodiversity loss,...

The ecosystem services provided by coastal and nearshore marine systems contribute significantly to human welfare. However, studies that document values of these services are widely scattered in the peer-reviewed literature. We collected 39 contingent valuation papers with 120 observations to...

This paper incorporates the interdisciplinary New Institutional and Transaction Costs Economics and suggests a holistic framework for analysis of management agro-ecosystem services. That new approach for analyses and assessment of management of agro-ecosystem services includes: definition of the...

Mechanisms of compensation and reward for environmental services (CRES) are becoming increasingly contemplated as means for managing human–environment interactions. Most of the functional mechanisms in the tropics have been developed within the last 15 years; many developing countries still...

Scenario Analysis (SA) plays a key role in determination of operational risk capital under Basel II Advanced Measurement Approach. However, operational risk capital based on scenario data may exhibit high sensitivity or wrong-way sensitivity to scenario inputs. In this paper, we first discuss...

This study investigates the economic validity of the diffusion of fuel cell vehicles (FCVs) and all-electric vehicles (EVs), employing a cost-benefit analysis from the social point of view. This research assumes the amount of NOx and tank-to-wheel CO2 emissions and gasoline use reduction as the...

Following the Hanumanth Rao committee report Government of India initiated Watershed Development Programmes (WDPs) to improve and sustain productivity of the semiarid regions of the country at higher level. The aim of such initiatives are also to fulfill the needs of rural communities for food,...