This paper is concerned with the cost-effective allocation of habitat for species under spatio-temporally heterogeneous economic development. To address the dynamic dimension of the problem we consider tradable development rights as the instrument of choice. A particular challenge in applying...

One of the key challenges in designing agri-environmental schemes targeted at conservation is the determination of the amount of financial resources that should be allocated towards a particular aim such as the conservation of an endangered species. Economists can contribute to an answer by...

Tradable permits are a common environmental policy instrument that has recently been applied also to the conservation of biodiversity. Biodiversity conservation differs in many respects to the classical applications of tradable permits like emissions control. One particularity is that, even if...