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Strong sustainability, according to the common definition, requires that different natural and economic capital stocks …
Persistent link: https://www.econbiz.de/10014222509
Nature conservation scientists and practitioners have voiced the concern that a conservation discourse based on economic arguments and monetary valuation may undermine conservation efforts by eroding ("crowding out") the influence of other arguments for nature conservation. This paper presents...
Persistent link: https://www.econbiz.de/10011279993
Rain-index insurance is strongly advocated in many parts of the developing world to help farmers to cope with climatic risk that prevail in (semi-)arid rangelands due to low and highly uncertain rainfall. We present a modeling analysis of how the availability of rain-index insurance affects the...
Persistent link: https://www.econbiz.de/10003921518
Rain-index insurance is strongly advocated in many parts of the developing world to help farmers coping with climatic risk that prevails in (semi-)arid rangelands due to low and highly uncertain rainfall. We present a modeling analysis of how the availability of rain-index insurance affects the...
Persistent link: https://www.econbiz.de/10014201337
Strong sustainability, according to the common definition, requires that different natural and economic capital stocks …
Persistent link: https://www.econbiz.de/10003830274
Strong sustainability, according to the common definition, requires that different natural and economic capital stocks …
Persistent link: https://www.econbiz.de/10003655190
We analyze a dynamic and stochastic ecological-economic model of grazing management in semi-arid rangelands. The ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty such as to maximize expected utility from farming income....
Persistent link: https://www.econbiz.de/10012767397
This paper examines implications of limits to substitution for estimating substitutability between ecosystem services and manufactured goods and for social discounting. Based on a model that accounts for a subsistence requirement in the consumption of ecosystem services, we provide empirical...
Persistent link: https://www.econbiz.de/10011446656
We develop an aggregated model to study rational environmental adaptation policies that compensate negative consequences of certain environmental hazards and changes. The model distinguishes the three categories of adaptation measures that (a) compensate the decrease of the environmental amenity...
Persistent link: https://www.econbiz.de/10013067831
The natural capital concept is generating broad interest that extends well beyond economists. Economics has a long history of applying capital theory to natural resources. However, measurement of the value of ecosystems has mostly focused on income flows rather than valuing stocks of natural...
Persistent link: https://www.econbiz.de/10014023894