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...

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...

The ‘cascade model’ of ecosystem service generation and valuation highlights the links between biophysical aspects/biodiversity and human well-being, in particular for the case of marginal changes, but does not include societal processes. Services seem to flow effortlessly from ecosystems to...

Biodiversity is a highly complex and abstract ecological concept. Even though it is not one physical entity, it influences human well-being in multiple ways, mostly indirectly. While considerable research effort has been spent on the economic valuation of biodiversity, it remains to be a...

The combination of travel cost (TCM) and contingent behaviour (CB) methods is a relatively new research avenue in the recreational valuation community. Contrary to simple TCM applications, TCM-CB facilitates the ex ante valuation of marginal welfare effects resulting from environmental quality...