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intangible. Additional problems occur when economic methods are applied inappropriately and when the importance of ecosystem … considerations in ecosystem services valuation. We first review and adapt definitions of ecosystem services in order to make an … operational link to valuation methods. We make a distinction between intermediate and final ecosystem services and also identify …
Persistent link: https://www.econbiz.de/10010276543
In an integrated economy-ecosystem model humans choose their land use and leave the residual land as habitat for three … species forming a food chain. The size of habitat determines the diversity and abundance of species. That biodiversity … generates, in turn, a flow of ecosystem services with public-good characteristics for human consumption. The ecosystem submodel …
Persistent link: https://www.econbiz.de/10010263285
In an integrated economy-ecosystem model humans choose their land use and leave the residual land as habitat for three … species forming a food chain. The size of habitat determines the diversity and abundance of species. That biodiversity … generates, in turn, a flow of ecosystem services with public-good characteristics for human consumption. The ecosystem submodel …
Persistent link: https://www.econbiz.de/10010276166
This work examines the impact that economic growth can have on biodiversity and on the ecological dynamics that would … naturally emerge in the absence of human activity. The loss of biodiversity may induce policy-makers to implement defensive … exist in the absence of human intervention. This suggests that there might exist a conflict between preserving biodiversity …
Persistent link: https://www.econbiz.de/10011324896
economic and ecological contributions to the study of biodiversity loss. We develop our analysis from a widely accepted … respect the economic approach towards biodiversity is based on this notion, and also reflect on the specific understanding of … describe in which way ecological and ecologicaleconomic approaches towards biodiversity are based on the idea of absolute …
Persistent link: https://www.econbiz.de/10011422126
This paper introduces and surveys ecological-economic analysis and valuation of biodiversity. Furthermore, the notion … and application of economic, monetary valuation of biodiversity is critically evaluated. A classification of biodiversity … values is offered, based on a system of logical relationships among biodiversity, ecosystems, species and human welfare …
Persistent link: https://www.econbiz.de/10011608836
The importance of ecosystem functions for humankind is well known. But only few attempts have been undertaken to … estimate the economic value of these ecosystem services. In particular, indirect methods are rarely used, even though they are … most suitable for the task. This discrepancy is because quantitative knowledge of changes in ecosystem functions is scarce …
Persistent link: https://www.econbiz.de/10011324933
Firms grant to their employees non-tradable stock options as an incentive device. Is the opportunity cost of issuing these options equal to the amount the company would receive if it sold the same options to outside investors? No, it is not, since the options granted to employees are non...
Persistent link: https://www.econbiz.de/10011608858
We argue that economics - as the scientific method of analyzing trade-offs - can be helpful (and may even be indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate the opportunity set of politics with respect to the two...
Persistent link: https://www.econbiz.de/10010286575
This paper proposes a general formulation of a nonparametric frontier model introducingexternal environmental factors that might influence the production process butare neither inputs nor outputs under the control of the producer. A representation isproposed in terms of a probabilistic model...
Persistent link: https://www.econbiz.de/10010328662