Designing agri-environmental schemes targeted at conservation poses the key question of how many financial resources should be allocated to address a particular aim such as the conservation of an endangered species. Economists can contribute to an answer by estimating the 'optimal level of...

An approach is present which integrates an economic and an ecological model for designing cost-effective compensation payments for conservation of endangered species in real landscapes. The approach is used to develop a cost-effective compensation payment scheme for conservation of an endangered...

With months of drought, hot summers and flooding, global warming has also become increasingly apparent in Germany over recent years. The Climate Protection Act, which was amended in 2021, therefore aims to achieve climate neutrality by 2045. At the same time, a favourable conservation status for...

The global increase in greenhouse gases is also changing the climate conditions more severely in Germany. This particularly affects local cultivated landscapes, which cover large parts of Germany and are already experiencing a wide range of ecological problems. Although agricultural land use...

We introduce a high-dimensional structural time series model, where co-movement between the components is due to common factors. A two-step estimation strategy is presented, which is based on principal components in differences in a first step and state space methods in a second step. The...