Edward Elgar Publishing Economics and Ecosystems: Efficiency, Sustainability and Equity in Ecosystem Management

Product Description `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 Economics and Ecosystems demonstrates how the concepts of economic efficiency, sustainability and equity can be applied in ecosystem management. The book presents an overview of these three concepts, a framework for their analysis and modeling, and three case studies. Specific attention is given to how complex ecosystem dynamics, such as thresholds or irreversible responses, influence ecosystem management options. The case studies focus on the ecosystem dynamics and ecosystem services supply in a hypothetical forest ecosystem, a Dutch wetland ecosystem, and a rangeland in the Western Sahel. Integrating ecology and economics, this informative book will appeal to postgraduate students in environmental sciences and environmental economics as well as ecosystem managers. Review '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 --Ekko van Ierland, Wageningen University, The Netherlands About the Author Lars Hein, Associate Professor, Environmental Systems Analysis Group, Wageningen University, the Netherlands