The economic insurance value of ecosystem resilience

Activity: Talk or presentationPresentations (poster etc.)Research

Sebastian Strunz - presenter

    Ecosystem resilience, i.e. an ecosystem’s ability to maintain its basic
    functions and controls under disturbances, is often interpreted as insurance:
    by decreasing the probability of future drops in the provision of ecosystem
    services, resilience insures risk-averse ecosystem users against potential
    welfare losses. Using a general and stringent definition of “insurance” and a
    simple ecological-economic model, we derive the economic insurance value
    of ecosystem resilience and study how it depends on ecosystem properties,
    economic context, and the ecosystem user’s risk preferences. We show that
    (i) the insurance value of resilience is negative (positive) for low (high) levels
    of resilience, (ii) it increases with the level of resilience, and (iii) it is one
    additive component of the total economic value of resilience.

    zusammen mit Herrn Prof. Dr. Stefan Baumgärtner
    11.03.201116.03.2011

    Event

    Resilience, Innovation and Sustainability: Navigating the Complexities of Global Change - Resilience 2011

    11.03.1116.03.11

    Tempe, United States

    Event: Conference

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