Agro-biodiversity can provide natural insurance to risk-averse farmers by reducing the variance of crop yield, and to society at large by reducing the uncertainty in the provision of public-good ecosystem services such as e.g. CO2 storage. We analyze the choice of agro-biodiversity by...

While economists have been contributing to the discussion of various aspects of sustainability for decades, it is just recently that the term "sustainability economics" was used explicitly in the ecological, environmental, and resource economics community. Yet, the contributions that use the...

Many environmental damages are caused by substances which come into existence asundesired joint outputs in the production of desired goods. Whether an output isdesired or not, however, is not an inherent property of the substance itself butdepends on the context of production. This book studies...