Conservation Economics Science and Policy

PREFACE LIST OF FIGURES LIST OF TABLES LIST OF ACRONYMS CHAPTER 1 ENVIRONMENTAL CONSERVATION AND ENVIRONMENTAL CHANGE 1.1 Introduction 1.2 The biological record 1.3 Implications for conservation 1.4 Plan of the book PART I THE ECONOMIC THEORY OF CONSERVATION CHAPTER 2 THE DECISION PROBLEM 2.1 Introduction 2.2 Elements of the decision problem 2.3 A numerical example-the wine storage problem 2.4 Summary and conclusions CHAPTER 3 HOTELLING CONSERVATION 3.1 Introduction 3.2 The Hotelling arbitrage condition 3.3 The Hotelling prices and quantities 3.4 Renewable natural resources and the Hotelling arbitrage condition 3.5 Connecting the Hotelling theory of conservation to Conservation Biology 3.6 Summary and conclusions CHAPTER 4 THE CONSERVATION RENEWABLE RESOURCES 4.1 Introduction 4.2 Marine capture fisheries 4.3 Forests and forestry 4.4 Rangelands 4.5 Summary and conclusions PART II VALUATION CHAPTER 5 THE VALUATION OF ENVIRONMENTAL GOODS AND SERVICES 5.1 Introduction 5.2 The basis of value 5.3 Ecosystem services and the value of non-marketed environmental resources 5.4 The valuation of provisioning and cultural services 5.5 The valuation of regulating services 5.6 Summary and conclusions CHAPTER 6 THE VALUATION OF ENVIRONMENTAL ASSETS 6.1 Introduction 6.2 Sustainability and the value of environmental assets 6.3 The value of environmental assets in the national accounts 6.4 Inclusive wealth 6.5 Environmental assets and total factor productivity 6.6 Summary and conclusions CHAPTER 7 SUBSTITUTABILITY AND THE VALUATION OF NATURAL CAPITAL 7.1 Introduction 7.2 Substitution in production 7.3 Substitution in a generalized model of joint production 7.3 Substitution and public goods 7.4 Net substitutes and complements 7.5 Conditional substitutes and complements 7.6 Summary and conclusions PART III ALIGNING THE PRIVATE AND SOCIAL VALUE OF NATURAL RESOURCES CHAPTER 8 ENVIRONMENTAL PUBLIC GOODS 8.1 Introduction 8.2 The optimal provision of public goods 8.3 Types of public good 8.4 Strategic behavior and the provision of public goods 8.5 Resolving the public good problem 8.6 Summary and conclusions CHAPTER 9 ENVIRONMENTAL EXTERNALITIES 9.1 Introduction 9.2 The nature of environmental externalities 9.3 Unidirectional externalities 9.4 Positional externalities 9.5 Public externalities 9.6 Aligning private and social value 9.6 Summary and conclusions CHAPTER 10 POVERTY, VALUE, AND CONSERVATION 10.1 Introduction 10.2 Income effects and poverty 10.3 Poverty-population-environment 10.4 Per capita income growth and conservation 10.5 Wealth, property rights, and conservation 10.6 Summary and conclusions CHAPTER 11 CONSERVATION IN PROTECTED AREAS 11.1 Introduction 11.2 Protected area design: ecological principles 11.3 Protected area design: economic principles 11.4 Protected areas and the supply of ecosystem services 11.5 Protected areas and poverty 11.6 Summary and conclusions CHAPTER 12 CONSERVATION BEYOND PROTECTED AREAS 12.1 Introduction 12.2 Conservation of threatened wild species outside protected areas 12.3 Conservation in agriculture 12.4 Habitat substitutability 12.5 Summary and conclusions CHAPTER 13 CONSERVATION AT THE NATIONAL LEVEL 13.1 Introduction 13.2 Property rights 13.3 Legal restrictions on land use 13.4 Environmental offsets 13.5 Economic incentives 13.6 Summary and conclusions CHAPTER 14 CONSERVATION AT THE INTERNATIONAL LEVEL 14.1 Introduction 14.2 Migratory species 14.3 Transboundary and linked ecosystems 14.4 Trade, travel, and the movement of species 14.5 Strategic behavior and transboundary conservation 14.6 Funding conservation as a global public good 14.6 Summary and conclusions CHAPTER 15 CONSERVATION IN THE FUTURE 15.1 Introduction 15.2 Environmental trends 15.3 Economic trends 15.4 The population affected by conservation decisions 15.5 The optimal scale at which to conserve and the governance of conservation Index