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http://hdl.handle.net/10419/28227
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| Title: | | Institutions and preferences determine resilience of ecological-economic systems  |
| Authors: | | Quaas, Martin F. Baumgärtner, Stefan Derissen, Sandra Strunz, Sebastian |
| Issue Date: | | 2008 |
| Series/Report no.: | | University of Lüneburg Working Paper Series in Economics 109 |
| Abstract: | | We perform a model analysis to study the origins of limited resilience in ecological-economic systems. We demonstrate that the resilience properties of the ecosystem are essentially determined by the management institutions and consumers' preferences for ecosystem services. In particular, we show that complementarity of ecosystem services in human well-being and open access of the ecosystem to profit-maximizing harvesting firms may lead to limited resilience of the ecosystem. We conclude that the role of human preferences and management institutions is not just to facilitate adaptation to, or transformation of, some natural dynamics of ecosystems. Rather, human preferences and management institutions are themselves important determinants of the fundamental dynamic characteristics of the ecological-economic system, such as limited resilience. |
| Subjects: | | Ecological-economic systems ecosystem services institutions natural resource management preferences resilience |
| JEL: | | Q01 Q20 Q57 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series in Economics, Leuphana Universität Lüneburg
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