Eugenio Figueroa B.; Roberto Pasten C. - Departamento de Economía, Facultad de Economía y Negocios - 2012
This brief paper proposes an analytical method for estimating the economic value of forest ecosystems in supplying climate regulation. If, as argued by several authors, forests ecosystems serve as hedging against climatic risk, then natural ecosystems may act as substitutes for market insurance....