The payment for ecosystem services (PES) emerges as part of an arsenal of tools for innovative domestic financing for otherwise absent markets relating to natural resource management. Its traditional framework aspects of conditionality, voluntary transaction, at least one buyer and seller, and...

Part I. What Went Wrong with Modern Economic Science? -- Chapter 1. Introduction: Encounter of the Fifth Kind with an Alien Science -- Chapter 2. Is Economics a Science? -- Chapter 3. About Economists and Theologians -- Chapter 4. Taking a Phenomenological Approach to Oikonomics: Looking at the...

The structure of a social dilemma lies behind many environmental problems. Mingling temporal aspects of resources with the structure of the social dilemma often leads to wrong conclusions. Therefore, it is worth analytically separating temporal aspects from structural aspects of the dilemma....

The performance of market based environmental regulation is affected by patents and vice versa. This interaction is studied for a new type of innovation where new technologies reduce emissions of a specific pollutant but at the same time cause a new type of damage. A robust finding is that the...