The ecological literature suggests that biodiversity reduces the variance of ecosystem services. Thus, conservative biodiversity management has an insurance value to risk-averse users of ecosystem services. We analyze a conceptual ecological-economic model in which such management measures...

The ecological literature suggests that biodiversity reduces the variance of ecosystem services. Thus, conservative biodiversity management has an insurance value to risk-averse users of ecosystem services. We analyze a conceptual ecological-economic model in which such management measures...

We study how income inequality affects the social value of a dynamic public good, such as natural capital. Our theory shows that both intra- and intertemporal inequality affect the social value of public natural capital. The direction and size of the effects are driven by the degree of...

The ecological literature suggests that biodiversity reduces the variance of ecosystem services. Thus, conservative biodiversity management has an insurance value to risk-averse users of ecosystem services. We analyze a conceptual ecological-economic model in which such management measures...

Legitimacy is regarded as one critical aspect of biodiversity management and nature conservation arrangements. Multi-level governance is claimed to pose several challenges to legitimacy. The aim of this paper is to review some legitimacy challenges in multilevel governance contexts, and to...

Given that both the costs and the benefits of biodiversity-enhancing land-use measures are subject to spatial variation, considerations of allocational efficiency call for spatially differentiated compensation payments for such measures. However, when deciding whether to implement uniform or...

Issues related to the cost-effectiveness of biodiversity conservation policies have not yet been prominent in European conservation research and policy-making. Nevertheless, there is a small but growing literature which analyses such cost-effectiveness issues on both a conceptual and an applied...

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...

In this paper we investigate an important obstacle which substantially complicates cooperation between ecologists and economists but which has received little attention so far: differences between the modelling approaches in economics and ecology. To understand these differences, 60 models...

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...