In 2005, The Millennium Ecosystem Assessment (MA) provided the first global assessment of the world's ecosystems and ecosystem services. It concluded that recent trends in ecosystem change threatened human wellbeing due to declining ecosystem services. This bleak prophecy has galvanized...

India is predicted to be one of the most vulnerable agricultural regions to future climate changes. Here, we examined the sensitivity of winter cropping systems to inter-annual climate variability in a local market and subsistence-based agricultural system in central India, a data-rich...

Systems linking people and nature, known as social-ecological systems, are increasingly understood as complex adaptive systems. Essential features of these complex adaptive systems – such as nonlinear feedbacks, strategic interactions, individual and spatial heterogeneity, and varying time...

We use a two-period model to analyze the short run and long run profitability and welfare consequences of horizontal mergers, where the equilibrium responses to a merger can differ over time. Although firms can anticipate the merger, they can only adjust their capacity in the long run.We find a...

The Economic Case for Nature is part of a series of papers by the World Bank that lays out the economic rationale for investing in nature and recognizes how economies rely on nature for services that are largely underpriced. This report presents a first-of-its-kind global integrated...

Economic analysis has much to contribute to understanding and analyzing the conservation of biological diversity and the provision of ecosystem services. These issues are vitally important and relatively understudied by economists to date. Application of economic tools is needed to understand...

This paper examines how the nature of a common property resource affects the effectiveness of community-based management on resource conservation. We focus on groundwater management in rural China because there are different types of community-based groundwater management in different...

We evaluate how land use change and the value ecosystem services affect the decision to invest in public land acquisitions. Our application is for the state of Minnesota, and we consider the acquisitions by Department of Natural Resources over the last two decades. We calculate a return on...