The economics of biodiversity and ecosystem services

Research output: Contributions to collected editions/worksChapterpeer-review

Authors

  • Charles Perrings
  • Stefan Baumgärtner
  • William A. Brock
  • Kanchan Chopra
  • Marc Conte
  • Christopher Costello
  • Anantha Duraiappah
  • Anna P. Kinzig
  • Unai Pascual
  • Stephen Polanski
  • John Tschirhart
  • Anastasios Xepapadeas
Biodiversity conservation confers social benefits at many levels. Although the gene pool is a global public good, many of the ecosystem services supported by biodiversity are regional or even local public goods. At all levels, biodiversity underpins the capacity of the system to deliver services over a range of environmental conditions. The economic problem addressed in this chapter is how to correct for (a) the failure of markets to signal the true cost of biodiversity change in terms of ecosystem services, (b) the failure of governance systems to regulate access to the biodiversity embedded in 'common pool' environmental assets, and (c) the failure of communities to invest in biodiversity conservation as an ecological 'public good'. The chapter reviews both the nature of the challenges posed by these failures, and the options for addressing them. It requires that we are able to correctly identify both the private and social decision problems, and hence that we are able to value those non-marketed environmental effects that are ignored in many private decisions. It further requires that we are able to identify governance mechanisms, institutions, and instruments that will induce private decision-makers to behave in ways that are consistent with the social interest. This chapter focuses on the institutional and policy options for securing the socially optimal mix of species, given the role of biodiversity in assuring ecosystem services over a range of environmental conditions.
Original languageEnglish
Title of host publicationBiodiversity, ecosystem functioning, and human wellbeing : An Ecological and Economic Perspective
EditorsShahid Naeem, Daniel E. Bunker, Andy Hector, Michel Loreau, Charles Perrings
Number of pages18
Place of PublicationOxford [u.a.]
PublisherOxford University Press
Publication date30.07.2009
Pages230-247
ISBN (print)978-019954795-1
ISBN (electronic)978-019172034-5
DOIs
Publication statusPublished - 30.07.2009

Bibliographical note

Publisher Copyright:
© Oxford University Press 2009. All rights reserved.

Recently viewed

Publications

  1. In situ tensile texture analysis of a new Mg-RE alloy
  2. Processability of Mg-Gd Powder via Friction Extrusion
  3. Erklärung der individuellen Existenzgründungsabsicht
  4. Die Aufgabenfülle der Grundschule und ihrer Pädagogik
  5. On the utility of indirect methods for detecting faking
  6. Avoiding Algorithm Error in Computer-Aided Text Analyses
  7. Risk preferences under heterogeneous environmental risk
  8. Begabungsdiagnostik mit dem Grundintelligenztest (CFT 20-R)
  9. Homogenization modeling of thin-layer-type microstructures
  10. A Kalman estimator for detecting repetitive disturbances
  11. The liquidity regulation and savings banks' liquid assets
  12. Proxy Indicators for the Quality of Open-domain Dialogues
  13. Communities of ground-living spiders in deciduous forests
  14. Freistellung von Betriebsräten - eine Beschäftigungsbremse?
  15. Influence of cerium on stress corrosion cracking in AZ91D
  16. The German Bank Restructuring Act: An Economic Perspective
  17. Dynamic Lot Size Optimization with Reinforcement Learning
  18. Using Complexity Metrics to Assess Silent Reading Fluency
  19. School Leader Trust and Collective Teacher Innovativeness
  20. Meta-analytic cointegrating rank tests for dependent panels
  21. Einflüsse der Land- und Wassernutzung auf das Niedrigwasser
  22. Productivity premia for many modes of internationalization.
  23. Study on Mg–Si–Sr ternary alloys for biomedical applications
  24. Corrosion behaviour of electropolished magnesium materials
  25. Das Individuum und die Peers - eine strukturelle Perspektive
  26. Perfect anti-windup in output tracking scheme with preaction
  27. Dynamics of Supply Chains Under Mixed Production Strategies
  28. The Cox ring of the space of complete rank two collineations
  29. Does more respect from leaders postpone the desire to retire?
  30. Propagation of particles injected from interplanetary shocks
  31. Does Internet-based guided self-help for depression cause harm?
  32. Gesellschaftliche Naturverhältnisse zwischen Krise und Vision
  33. Wo lernen Kinder mit sonderpädagogischem Förderbedarf besser?
  34. Product diversification and stability of employment and sales
  35. Do learner characteristics moderate the seductive-details-effect?