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Trade with differentiated goods normally provides a form of insurance against disasters, such as floods and fires, through an increasing relative price of goods from the afflicted country. With open access renewable resources this is reversed. A country hit by a negative shock recovers faster if...
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The five papers comprising the symposium on trade, renewable resources and biodiversity are good illustrations of a …
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. -- Marine biodiversity ; fishery economics ; product differentiation …
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Biodiversity is often adversely affected by human activities. This reduces social welfare but may be external to … private economic decisions. Consequently, these external effects on biodiversity need to be considered explicitly in economic … models, which is only partly reflected in the literature. So far, biodiversity is mostly treated only implicitly in multiple …
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