Institutions and preferences determine resilience of ecological-economic systems
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Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2008. (Working paper series in economics; No. 109).
Research output: Working paper › Working papers
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TY - UNPB
T1 - Institutions and preferences determine resilience of ecological-economic systems
AU - Quaas, Martin F.
AU - Baumgärtner, Stefan
AU - Derissen, Sandra
AU - Strunz, Sebastian
N1 - Literaturverz. S. 18 - 19
PY - 2008
Y1 - 2008
N2 - We perform a model analysis to study the origins of limited resilience in ecological-economic systems. We demonstrate that the resilience properties of the ecosystem are essentially determined by the management institutions and consumers' preferences for ecosystem services. In particular, we show that complementarity of ecosystem services in human well-being and open access of the ecosystem to profit-maximizing harvesting firms may lead to limited resilience of the ecosystem. We conclude that the role of human preferences and management institutions is not just to facilitate adaptation to, or transformation of, some natural dynamics of ecosystems. Rather, human preferences and management institutions are themselves important determinants of the fundamental dynamic characteristics of the ecological-economic system, such as limited resilience.
AB - We perform a model analysis to study the origins of limited resilience in ecological-economic systems. We demonstrate that the resilience properties of the ecosystem are essentially determined by the management institutions and consumers' preferences for ecosystem services. In particular, we show that complementarity of ecosystem services in human well-being and open access of the ecosystem to profit-maximizing harvesting firms may lead to limited resilience of the ecosystem. We conclude that the role of human preferences and management institutions is not just to facilitate adaptation to, or transformation of, some natural dynamics of ecosystems. Rather, human preferences and management institutions are themselves important determinants of the fundamental dynamic characteristics of the ecological-economic system, such as limited resilience.
KW - Sustainability sciences, Management & Economics
KW - ecological-economic systems
KW - ecosystem services
KW - institutions
KW - natural resource management
KW - preferences
KW - resilience
KW - ecological-econmic systems
KW - ecosystem services
KW - institutions
KW - natural resource management
KW - preferences
KW - resilience
KW - Economics
KW - ecological-economic systems
KW - ecosystem services
KW - institutions
KW - natural resource management
KW - preferences
KW - resilience
M3 - Working papers
T3 - Working paper series in economics
BT - Institutions and preferences determine resilience of ecological-economic systems
PB - Institut für Volkswirtschaftslehre der Universität Lüneburg
CY - Lüneburg
ER -