"Over the past decade, 'Payments for Environmental Services' (PES) have received a great deal of attention as a natural-resource management approach. We propose a revised definition and framework for PES implementation that focuses on the use of positive incentives as the philosophy behind PES...

A stochastic dynamic programming model is presented for decision-making by the manager of a small rhino reserve facing a poaching threat, with the objective of maximizing the rhino population size in the long term. The manager decides annually what proportion of the budget to spend on dehorning...

This paper explores the potential of using subjective well-being (SWB) data to valueenvironmental attributes. A theoretical framework compares this method, also known as the lifesatisfaction approach, with the standard hedonic pricing approach, identifying their similarities and differences. As...