The economics of biodiversity and ecosystem services

Research output: Contributions to collected editions/worksChapterpeer-review

Standard

The economics of biodiversity and ecosystem services. / Perrings, Charles; Baumgärtner, Stefan; Brock, William A. et al.
Biodiversity, ecosystem functioning, and human wellbeing: An Ecological and Economic Perspective. ed. / Shahid Naeem; Daniel E. Bunker; Andy Hector; Michel Loreau; Charles Perrings. Oxford [u.a.]: Oxford University Press, 2009. p. 230-247.

Research output: Contributions to collected editions/worksChapterpeer-review

Harvard

Perrings, C, Baumgärtner, S, Brock, WA, Chopra, K, Conte, M, Costello, C, Duraiappah, A, Kinzig, AP, Pascual, U, Polanski, S, Tschirhart, J & Xepapadeas, A 2009, The economics of biodiversity and ecosystem services. in S Naeem, DE Bunker, A Hector, M Loreau & C Perrings (eds), Biodiversity, ecosystem functioning, and human wellbeing: An Ecological and Economic Perspective. Oxford University Press, Oxford [u.a.], pp. 230-247. https://doi.org/10.1093/acprof:oso/9780199547951.003.0017

APA

Perrings, C., Baumgärtner, S., Brock, W. A., Chopra, K., Conte, M., Costello, C., Duraiappah, A., Kinzig, A. P., Pascual, U., Polanski, S., Tschirhart, J., & Xepapadeas, A. (2009). The economics of biodiversity and ecosystem services. In S. Naeem, D. E. Bunker, A. Hector, M. Loreau, & C. Perrings (Eds.), Biodiversity, ecosystem functioning, and human wellbeing: An Ecological and Economic Perspective (pp. 230-247). Oxford University Press. https://doi.org/10.1093/acprof:oso/9780199547951.003.0017

Vancouver

Perrings C, Baumgärtner S, Brock WA, Chopra K, Conte M, Costello C et al. The economics of biodiversity and ecosystem services. In Naeem S, Bunker DE, Hector A, Loreau M, Perrings C, editors, Biodiversity, ecosystem functioning, and human wellbeing: An Ecological and Economic Perspective. Oxford [u.a.]: Oxford University Press. 2009. p. 230-247 doi: 10.1093/acprof:oso/9780199547951.003.0017

Bibtex

@inbook{8bc0b2a4c3434415ae498e6c43387f69,
title = "The economics of biodiversity and ecosystem services",
abstract = "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.",
keywords = "Sustainability sciences, Management & Economics, Biodiversity, Ecosystem services, Externalities, Public goods, Regulatory instruments, Economics, Economic instruments",
author = "Charles Perrings and Stefan Baumg{\"a}rtner and Brock, {William A.} and Kanchan Chopra and Marc Conte and Christopher Costello and Anantha Duraiappah and Kinzig, {Anna P.} and Unai Pascual and Stephen Polanski and John Tschirhart and Anastasios Xepapadeas",
note = "Publisher Copyright: {\textcopyright} Oxford University Press 2009. All rights reserved.",
year = "2009",
month = jul,
day = "30",
doi = "10.1093/acprof:oso/9780199547951.003.0017",
language = "English",
isbn = "978-019954795-1",
pages = "230--247",
editor = "Shahid Naeem and Bunker, {Daniel E.} and Andy Hector and Michel Loreau and Charles Perrings",
booktitle = "Biodiversity, ecosystem functioning, and human wellbeing",
publisher = "Oxford University Press",
address = "United Kingdom",

}

RIS

TY - CHAP

T1 - The economics of biodiversity and ecosystem services

AU - Perrings, Charles

AU - Baumgärtner, Stefan

AU - Brock, William A.

AU - Chopra, Kanchan

AU - Conte, Marc

AU - Costello, Christopher

AU - Duraiappah, Anantha

AU - Kinzig, Anna P.

AU - Pascual, Unai

AU - Polanski, Stephen

AU - Tschirhart, John

AU - Xepapadeas, Anastasios

N1 - Publisher Copyright: © Oxford University Press 2009. All rights reserved.

PY - 2009/7/30

Y1 - 2009/7/30

N2 - 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.

AB - 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.

KW - Sustainability sciences, Management & Economics

KW - Biodiversity

KW - Ecosystem services

KW - Externalities

KW - Public goods

KW - Regulatory instruments

KW - Economics

KW - Economic instruments

UR - http://www.scopus.com/inward/record.url?scp=84920081108&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/da43b1bb-9fa6-3aec-b5a6-448224e00689/

U2 - 10.1093/acprof:oso/9780199547951.003.0017

DO - 10.1093/acprof:oso/9780199547951.003.0017

M3 - Chapter

SN - 978-019954795-1

SP - 230

EP - 247

BT - Biodiversity, ecosystem functioning, and human wellbeing

A2 - Naeem, Shahid

A2 - Bunker, Daniel E.

A2 - Hector, Andy

A2 - Loreau, Michel

A2 - Perrings, Charles

PB - Oxford University Press

CY - Oxford [u.a.]

ER -