Recent political developments and academic debate indicate that future political commitment to the protection of natural resources is uncertain. This political uncertainty is particularly problematic when the danger of irreversible damage such as the extinction of species looms. Accordingly,...

A key policy instrument to conserve biodiversity in agricultural landscapes are agri-environment schemes (AES). AES typically incentivise specific conservation measures which are independent of a specific state of an ecosystem or a species. In this paper we take up the idea of state-dependent...