A monetary valuation study of marine management in the Dutch Wadden Sea, the largest natural area of the Netherlands, is presented. The study is motivated by a conflict between shellfisheries and large populations of birds that forage on cockles. Different management scenarios are valued using...

A foundation is provided for a correct and accurate analysis of the relationship between monetary values and physical dimensions in economic production. A distinction is proposed between direct and indirect substitution. Linked to this, a classification is offered of various types of...

Structural decomposition analysis (SDA) is employed to examine physical flows other than energy and energy-related emissions. A unique set of hybrid-unit I/O tables, including both physical and monetary data, was constructed for this purpose. The decomposition results are used to perform...

This paper examines the role of insurances to reduce uncertainty associated with climate change losses for individuals. Of special interest is the value individuals place on the reduction of increased flood risks by insurance coverage. Using rank-dependent utility and prospect theories, risk...

This paper explores possible strategic interactions between the state and local community in games of tropical forestland appropriation. Three typical cases are discussed, corresponding to a development over time of increased resource competition and market integration. The local response to...

Do local people, especially vulnerable households, benefit from devolution of forest management? We apply the propensity-score matching and decomposition techniques on household data from Chimaliro and Liwonde forest reserves under the pilot forest co-management program in Malawi. After...

We investigate household outcomes arising from economic shocks in rural Uganda, focusing on patterns of income diversification and forest use, and the role of assets in shaping ex post response to shocks. Income-poor households and those with below-average landholdings are observed to have more...

We test the assumption that harvesting timber for energy production is assumed to have a carbon-neutral effect on climate. Our dynamic multiple-harvest Faustmann optimal rotation model of the Northern Forest and energy production in New Hampshire indicates that it is inappropriate to assume...

Economic studies of climate change commonly discount the future at a rate equal to the long-run return on corporate stocks. Stock market returns, however, are dominated by a risk premium, while climate change mitigation measures would reduce important risks to future welfare. Drawing on the...

This paper examines the links between environmental taxes and distortionary taxation in a dynamic model of climate change and economic growth. Under first-best conditions, labor and capital would remain untaxed, and carbon dioxide emissions would be taxed at a rate equal to the present-value...