Economics and Ecosystems: Efficiency, Sustainability and Equity in Ecosystem Management
A central issue in economics is the optimal allocation of scarce resources. Is efficient allocation indeed optimal and does it lead to sustainable solutions? Lars Hein contributes to this discussion at the interface of ecology and economics, and provides
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analysing assumed benefits biodiversity biodiversity conservation biomanipulation biomass capacity carbon sequestration chlorophyll clear water concentration consumer surplus costs cultural services depends discount rate drought dynamic systems dynamic systems modelling Ecological Economics ecological–economic model economic efficiency economic value ecosys ecosystem change ecosystem dynamics ecosystem management options ecosystem model ecosystem services supply effective efficiency and sustainability environmental equation erosion euro eutrophication control measures Ferlo fish forest cover function global growth harvest Hein Hence impacts income indicators instance irreversible keystone species land cover livestock logistic growth Millennium Ecosystem Assessment Netherlands nutrient optimisation pastoralists Pearce pollination pollution production rainfall range rangeland recreation reduced regulating services relation requires resilience resource rotation period Sahel scales Scheffer sediments shallow lakes social discount rate spatial species stakeholders stocking rate supply of ecosystem sustainability and equity threshold tion topsoil topsoil depth total-P types uncertainty variable vegetation Wieden wood