The economic insurance value of ecosystem resilience

Research output: Journal contributionsJournal articlesResearchpeer-review

Authors

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 (marginal) 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 (overall always positive) economic value of resilience.

Original languageEnglish
JournalEcological Economics
Volume101
Issue number6
Pages (from-to)21-32
Number of pages12
ISSN0921-8009
DOIs
Publication statusPublished - 05.2014

Recently viewed

Activities

  1. 29th International Sculpture Conference - 2019
  2. Fortbildung "Sprachsensibler Fachunterricht"
  3. What if civilization collapses? How management scholarship acts as a barrier to radical adaptation during the climate emergency
  4. Conference on Building effective markets – the role of an integrated legal system - 2013
  5. European Conference on Educational Research - ECER 2008
  6. Procédé de stockage intersaisonnier de chaleur solaire pour le chauffage du bâtiment par procédé à absorption LiBr-H2O
  7. Spillover Effects Across Transnational Industrial Relations Agreements
  8. Das Kunstfeld. Eine Studie über Akteure und Institutionen der zeitgenössischen Kunst
  9. Wirkung von Lehrerfortbildungen auf Lehrerexpertise und Unterrichtsqualität
  10. International Conference on the Short Story in English (2010)
  11. Ansätze zur Regulierung in globalen Lieferketten. Von Codes of Conduct über kollektive Abkommen zu Lieferkettengesetzen
  12. UK Parliamentary Space Committee - 2009
  13. European Summer School in Local Government Studies 2002
  14. EUROCALL Conference: Exploring different collaboration formats for teacher professional development in international Virtual Exchange; co-presenters: Euline Cutrim Schmid & Anna Wärnsby
  15. Echte Verbesserungen oder Stückwerk? Der Impact von Nachhaltigkeitsinitiativen in Asien nach Rana Plaza
  16. Exporting (Good) Governance: Regional Organizations and Areas of Limited Statehood - 2013
  17. Brokering Intercultural Exchange: Interrogating the Role of Arts and Cultural Management (Externe Organisation)
  18. Blickpunkt Deutsch als Zweitsprache (Fachzeitschrift)

Publications

  1. Rome Regulations Commentary - Second Edition
  2. 12. Fachgespräch der Clearingstelle EEG "1. Novelle des EEG 2012"
  3. Lernen mit der Bibel
  4. Simondon et la question de l'information
  5. Evaluation in der Erwachsenenbildung
  6. Umwelt- und Technikkonflikte
  7. Contestation 'all the way down'?
  8. Analysis of pesticide residues in Brazilian medicinal plants
  9. Das Handy: Vom Instrument der Mikrokoordination zur universellen Kontrollmaschine
  10. ’... the world was becomming numerical.’
  11. The Sound of Skateboarding
  12. House price expectations
  13. L'Antihumanisme
  14. Diskussionsinhalte der 7. Hamburger Revisions-Tagung vom 15. und 16. September 2008
  15. Reprint of Advancing the integration of corporate sustainability measurement, management and reporting
  16. Disentangling ‘ecosystem services’ and ‘nature’s contributions to people’
  17. Zur Internalisierung von Lebenslangem Lernen an europäischen Hochschulen.
  18. Understanding Sustainability Performance in Business Organizations
  19. Die Maske des Staates
  20. Export, Import und Produktivität wissensintensiver KMUs in Deutschland
  21. Inquiry-based learning and secondary chemistry education – a contradiction?
  22. Letter to the Editor
  23. Plant–pollinator interactions in changing environments
  24. Strength and Power in Wheelchair Athletes
  25. Electrooxidation Combined with Ozonation in Hospital Laundry Effluents Treatment
  26. Consumer (Co-)Ownership in Renewables in Germany
  27. The insurance value of biodiversity in the provision of ecosystem services
  28. Persistente organische Schadstoffe in Flusssedimenten Norddeutschlands
  29. Die windige Internationale
  30. Trauer um Professor Dr. Hermann Schweppenhäuser