Understanding the economic value of nature and the services it provides to humanity has become increasingly important for local, national and global policy and decision making. However, problems arise in that it is difficult to obtain meaningful values for goods and services that ecosystems...

Understanding the economic value of nature and the services it provides to humanity has become increasingly important. In this paper we review the progress to date on both the necessary conceptual framework and empirical valuation studies required to bolster decision support systems targeted at...

The purpose of this note is to contribute to the emerging common understanding between the natural science, economic and social science perspectives on the 'value' of ecosystems and biodiversity. Given the inherent complexity of nature it is not surprising that the concept of 'value is capable...