Most ecosystem services, which are essential for human well-being, are globally declining, while the production of … rates for manufactured consumption goods and for ecosystem services. Using empirical data for ten ecosystem services across … five countries and the world at large, we estimated the difference between the discount rates for ecosystem services and …

Discounting has to take account of ecosystem services in consumption and production. Previous literature focuses on the … first aspect and shows the importance of the relative price effect, for given growth rates of consumption and ecosystem … services. This paper focuses on intermediate ecosystem services in production and shows that for limited substitutability and a …

discounting by introducing a subsistence requirement. The relative price of ecosystem services is non-constant and grows without …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 …

Discounting future costs and benefits is a crucial yet contentious practice in the appraisal of long-term public … projects with environmental consequences. The standard approach typically neglects that ecosystem services are not easily … substitutable with manufactured goods and often exhibit considerably lower growth rates. Theory has shown that we should either …

construction, are highly sensitive to the social discount rate (SDR) employed. Governmental guidance on social discounting has …

Most ecosystem services, which are essential for human well-being, are globally declining, while the production of … rates for manufactured consumption goods and for ecosystem services. Using empirical data for ten ecosystem services across … five countries and the world at large, we estimated the difference between the discount rates for ecosystem services and …

Most ecosystem services, which are essential for human well-being, are globally declining, while the production of … rates for manufactured consumption goods and for ecosystem services. Using empirical data for ten ecosystem services across … five countries and the world at large, we estimated the difference between the discount rates for ecosystem services and …

distribution of access rights to ecosystem services, and show that Rawls' “A Theory of Justice” (1971) can be consistently extended …As the increasing loss of ecosystem services severely affects life perspectives of today's poor and future persons …, governing access to, and use of, ecosystem services in an intragenerational and intergenerational just way is an urgent issue …

history of applying capital theory to natural resources. However, measurement of the value of ecosystems has mostly focused on …. This chapter develops theory and techniques for measuring natural capital shadow prices or asset values in real world …

Ecosystems deliver value to people and the economy through ecosystem services. The Joint Research Centre of the … European Commission has quantified the use of ecosystem services by the main economic sectors and households at EU level. In … this paper, we downscaled the extraction of six ecosystem services for three Southern Italy regions in 2012: Campania …