Heckenhahn, Jonas; Drupp, Moritz A. - In: Environmental and Resource Economics 87 (2024) 3, pp. 833-880
projects with environmental consequences. The standard approach typically neglects that ecosystem services are not easily … ecosystem services and the degree of limited substitutability based on a meta-analysis of 36 willingness to pay studies in … Germany. We find that the relative price of ecosystem services has increased by more than four percent per year in recent …