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often interpreted as insurance: by decreasing the probability of future drops in the provision of ecosystem services … "insurance" and a simple ecological-economic model, we derive the economic insurance value of ecosystem resilience and study how … insurance value of resilience is negative (positive) for low (high) levels of resilience, (ii) it increases with the level of …
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often interpreted as insurance: by decreasing the probability of future drops in the provision of ecosystem services … ‘insurance’ and a simple ecological-economic model, we derive the (marginal) economic insurance value of ecosystem resilience and …) the insurance value of resilience is negative (positive) for low (high) levels of resilience, (ii) it increases with the …
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We investigate the problem of subsidising afforestation when private information exists with respect to the level of private utility derived from the project. We develop a simple model that allows for an intelligent design of contracts when information is asymmetric. The model involves the...
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