Ecosystems supply a wide variety of valued commodities, including ecological services. Valuing these commodities and determining the implications of their valuation for the optimal management of ecosystems is challenging. This paper considers the optimal spatial use of forest ecosystems given...

In the Millennium Ecosystem Assessment (2005), ecologists identified and pointed out a multitude of environmental and other benefits obtained by human-beings from ecosystem services. Frequently, these benefits are not fully recognized and they are not adequately taken into account in...

Ecosystems supply a wide variety of valued commodities, including ecological services. Valuing these commodities and determining the implications of their valuation for the optimal management of ecosystems is challenging. This paper considers the optimal spatial use of forest ecosystems given...

The conservation of natural forests contributes significantly to the goal of achieving sustainable economic development. There is, however, growing concern that natural forests (which provide tangible and intangible economic benefits to humankind) are being lost at a rate which (combined with...