The method introduced by Faustmmm and extended by Hartman is used for calculating present values of forestry assetts under various conditions and for determining the optimal rotation. The approach is not stochastic and very simple. The forest benefit contemplated additional to timber is the...

In the recent debate on climate change economics triggered by the Stern Review and his opponents, fundamental methodological issues emerge. It becomes obvious that different choices for some variables in the models applied lead to vastly different conclusions. Specifically, the choice of the...

Dry grasslands represent unique ecosystems that are known for high biodiversity. Land use changes have led to a decline in Europe. Shrub encroachment is a major problem in incorrectly or unmanaged areas, and affects not only flora and fauna but also leads to changes in the appearance of the...

The discussion on discounting has reached a more refined stage by now so that some earlier objections made by ethicists as to the moral implications have become obsolete. The standard approach, as suggested in the economic part of the report from the Intergovernmental Panel on Climate Change,...

The discussion on discounting has reached a more refined stage by now so that some earlier objections made by ethicists as to the moral implications have become obsolete. The standard approach, as suggested in the economic part of the report from the Intergovernmental Panel on Climate Change,...

In Germany and other countries of Central Europe, biodiversity in the rural countryside is best conserved by applying traditional land-use methods, such as low input sheep and cattle grazing. These are very uneconomical according to conventional accounting and can only be carried out at present...

In Germany and other countries of Central Europe, biodiversity in the rural countryside is best conserved by applying traditional land-use methods, such as low input sheep and cattle grazing. These are very uneconomical according to conventional accounting and can only be carried out at present...

During the past 15 or so years, a considerable number of valuation studies have been published in German language concerning nature conservation mostly in the agrarian countryside, using the Contingent Valuation Method (CVM). These are documented here and briefly commented on. In the sequel,...