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We bridge the non-market microeconomic recreational demand and bioeconomic modeling literatures by constructing a dynamic model to guide optimal management of recreational fisheries. Our model incorporates multiple forms of angler heterogeneity and directly models feedbacks between policy...
Persistent link: https://www.econbiz.de/10011043432
Economic models cannot give us the information society needs to define the set of possible future scenarios facing the world. Thus "optimal" economic plans are susceptible to being overwhelmed by feedbacks of which humans are ignorant as economic systems increasingly stress ecosystems. These...
Persistent link: https://www.econbiz.de/10011112868
The concept of sustainable development as defined in ecological terms can be extended to apply to culture by recognising parallels between the concepts of natural and cultural capital. This paper reviews the definitions of both these forms of capital and shows how they contribute to...
Persistent link: https://www.econbiz.de/10005570380
This paper investigates the effect of shadow price regarding weak sustainability indicators based on the genuine savings indicator. We analyse the forest resources considering positive externalities of natural capital, as the approximation from market rent alone would under-estimate the true...
Persistent link: https://www.econbiz.de/10011195669
Investment in natural capital is increasingly necessary and urgent considering the increasing loss of global bio- diversity and the associated social and economic losses. Ecosystem services are tools for quantifying the stock of natural capital and there is great concern about their assessment...
Persistent link: https://www.econbiz.de/10012176125
. To understand these differences, 60 models addressing issues relevant to biodiversity conservation have been selected …
Persistent link: https://www.econbiz.de/10010466983
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 … and external effects of management effort on biodiversity; and (iii) the welfare loss due to free-riding may decrease or …
Persistent link: https://www.econbiz.de/10010468970
cover increased between 1990 and 2010. As "forests" is a heterogeneous group, a biodiversity-corrected Forestation Index is … positive impact on biodiversity) and monocultures (that are debatable with that respect). OLS regression is used to reveal …
Persistent link: https://www.econbiz.de/10009777744
This paper presents a first model integrating the relation between biodiversity loss and zoonose pandemic risks in a … preserve a greater quantity of biodiversity, thus decreasing the probability of a pandemic occurring, and second (mitigation … biodiversity conservation is shown to be more relevant for more "forward looking" societies, with a small discount rate and a high …
Persistent link: https://www.econbiz.de/10012263718
We consider a world economy, in which the global public good "biodiversity" is positively correlated with that share of …-to-pay for biodiversity conservation is positive in "rich" developed countries (North), but very low in "poor" developing … welfare when the North financially supports biodiversity conservation in the South - as stipulated in the Convention on …
Persistent link: https://www.econbiz.de/10011587960