Payment for Ecosystem Service schemes have become widely discussed in the academic literature and in policy circles over the past 10 years, and indeed an increasing number of schemes have been put in place across the world. This paper has four objectives. First, to explain the idea of a Payment...

Recent years have seen a sharp increase in the use of subjective well-being data in environmental economics. This article discusses the conceptual underpinnings of using such data as a tool for preference elicitation and non-market valuation. Given the connection of those data to the notion of...

The provision of flood insurance is a patchwork, with countries showing varying degrees of penetration, coverage types, demand levels, and design structures. This article explores the current understanding of flood insurance with a specific focus on the ability of flood insurance to contribute...

This paper surveys the economic literature on Corporate Environmental Responsibility (CER). It first defines and illustrates what CER is, and what it is not (namely green washing). It then examines various rationales for firms to implement CER programs: to respond to social pressure, pre-empt...

This paper surveys the existing literature on diffusion of environmentally beneficial technology. Overall, it confirms many of the lessons of the larger literature on technology diffusion: diffusion often appears slow when viewed from the outside; the flow of information is an important factor in...

Structural uncertainty arises when key features of the behavior of a system are not well understood. Observational uncertainty arises when key variables in a system are not directly observed. Both types of uncertainty lead to problems for standard dynamic optimization approaches. The replacement...

In ecology, the term seascape is used to describe a complex dynamic patchwork of interconnected marine and near-shore habitats (e.g., coral reef, sea grass, open water, mangrove, sandy beaches). This monograph examines this novel way of viewing the marine environment and discusses how economics...

The objective of this paper is to review previous research on convergence of carbon dioxide emissions among countries. We discuss the key findings in this work, how the choices of model, data, statistical tests, etc. influence the results, and highlight some policy implications. The empirical...

Fisheries economics stand on the cusp of potentially sizeable changes in orientation and policy focus, leading in turn to comparable changes in modeling and general analysis. Notably, fisheries are increasingly framed as part of the overall marine environment rather than considered as solely or...