Parks and protected areas are valuable assets to developing nations, whether viewed as environmental, economic or social goods. Nevertheless, to date there are few examples where the full potential economic rent of protected areas has been captured efficiently or distributed effectively. This...

I examine the risk/return tradeoff for environmental investments, and its implications for policy choice. Consider a policy to reduce carbon emissions. To what extent does the value of such a policy depend on the expected future damages from global warming versus uncertainty over those damages,...

Australian and New Zealand environmental economists have played a significant role in the development of concepts and their application across three fields within their subdiscipline: non-market valuation, institutional economics and bioeconomic modelling. These contributions have been spurred...