This article focuses on the economic valuation of alternative clam management practices in the Venice Lagoon. The proposed valuation method is characterized by the design of a survey questionnaire next to the fishermen population. In each questionnaire two fishing alternatives are described. The...

Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R&D-based endogenous growth model with exhaustible...

Our aim in this essay is to identify and analyze some of the difficulties with interdisciplinary integration of economic and ecological contributions to the study of biodiversity loss. We develop our analysis from a widely accepted definition of economics which is based on the concept of...

This paper shows how environmental issues can be incorporated into macroeconomic accounting and analysis by the construction and use of a National Accounting Matrix including Environmental Accounts (NAMEA). The paper firstly elaborates on a number of conceptual issues on the harmonisation of...

In this paper we are concerned with optimal investment decisions when dealing with land allocation problems. We aim to emphasise the importance of flexible modelling in order to capture irreversibility. In particular, we stretch a discrete model, firstly developed in Coggins and Ramezani...

In the domain of desertification and climate change an important amount of new knowledge and research material has been obtained from the many projects carried out in the EU-DG12 Environment and Climate programme. However, so far little effort has gone into making this scientific material...

The objective of this paper is to provide an axiomatic foundation to the concept of ecological footprint indices. For this purpose, we propose five axioms representing general properties which any ecological footprint measure should fulfill. It can be shown that there exists a unique index which...

This paper extends economic models of optimal resource extraction by integrating biodiversity indicators. So far, biodiversity was only implicitly treated in models of multiple renewable resources, or it was considered in terms of (genetic) diversity or species richness only, but not in terms of...

There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...

There are two main ways to reduce anthropogenic GHG emissions: energy efficiency improvement and increase usage of renewable energy sources. Taking these two main ways into account, it is possible to analyze the main drivers of GHG emissions in the country and to make forecast of future GHG...