We review the evidence on the economic values of forest ecosystem services in developing nations and the effectiveness of policies aimed at protecting these services. We conclude that, despite a plethora of publications, the literature is thin, with few well-designed studies that can provide a...

We review the evidence on the economic values of forest ecosystem services in developing nations and the effectiveness of policies aimed at protecting these services. We conclude that, despite a plethora of publications, the literature is thin, with few well-designed studies that can provide a...

Many of the services supplied by nature are externalities. Economic theory suggests that some form of subsidy or contracting between the beneficiaries and the providers could result in an optimal supply of environmental services. Moreover, if the poor own resources that give them a comparative...

This paper considers two areas of current research related to environmental economics: 1. the use of quasi-experimental or "experimentalist" methods to evaluate the effects of environmental policies; and 2. the implications of the Stern Report on the economic consequences of global climate...

This article considers the challenges for efforts to introduce environmental quality into modern macro models. These models describe the economy as a dynamic general equilibrium, often using a representative agent to characterize consumers. Macro models are calibrated using a composite of...

Lessons from the early literature in environmental economics are used to assess the impact of an early contributor, Ralph C. d'Arge; discuss the prospects for designing incentive-based approaches to encourage private adaptation to climate change; and comment on reforming current practices...