This book demonstrates how the concepts of economic efficiency, sustainability and equity can be applied in ecosystem management. It presents an overview of these three key concepts, a framework for their analysis and modelling and three detailed case studies involving a forest ecosystem, a wetland and a savannah system.
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 interesting case studies to test various theoretical approaches. The book is a must for both economists with an interest in ecology and for ecologists with an interest in economics!' - Ekko van Ierland, Wageningen University, The Netherlands
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