Please use this identifier to cite or link to this item:
https://doi.org/10.48548/pubdata-1221
Resource type | Working Paper |
Title(s) | The Private and Public Insurance Value of Conservative Biodiversity Management |
DOI | 10.48548/pubdata-1221 |
Handle | 20.500.14123/1284 |
Creator | Baumgärtner, Stefan 0000-0001-8314-8462 121846857 Quaas, Martin F. 0000-0003-0812-8829 |
Abstract | Abstract. The ecological literature suggests that biodiversity reduces the variance of ecosystem services. Thus, conservative biodiversity management has an insurance value to risk-averse users of ecosystem services. We analyze a conceptual ecological-economic model in which such management measures generate a private benefit and, via ecosystem processes at higher hierarchical levels, a positive externality on other ecosystem users. We find that ecosystem management and environmental policy depend on the extent of uncertainty and risk-aversion as follows: (i) Individual effort to improve ecosystem quality unambiguously increases. The free-rider problem may decrease or increase, depending on the characteristics of the ecosystem and its management; in particular, (ii) the size of the externality may decrease or increase, depending on how individual and aggregate management effort influence biodiversity; and (iii) the welfare loss due to free-riding may decrease or increase, depending on how biodiversity influences ecosystem service provision. |
Language | English |
Keywords | Biodiversity; Ecosystem; Management; Insurance; Public Good; Ökosystem; Versicherung; Haftpflichtrisiko; Öffentliches Gut |
Year of publication in PubData | 2006 |
Publishing type | First publication |
Publication version | Published version |
Date issued | 2006-11-22 |
Creation context | Research |
Published by | Medien- und Informationszentrum, Leuphana Universität Lüneburg |
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