EconStor >
Leuphana Universität Lüneburg >
Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg  >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/30223
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorBaumgärtner, Stefanen_US
dc.contributor.authorStrunz, Sebastianen_US
dc.date.accessioned2009-09-02en_US
dc.date.accessioned2010-04-26T12:05:12Z-
dc.date.available2010-04-26T12:05:12Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30223-
dc.description.abstractEcosystem resilience, i.e. an ecosystem's ability to maintain its basic functions and controls under disturbances, is often interpreted as insurance: by decreasing the probability of future drops in the provision of ecosystem services, resilience insures risk-averse ecosystem users against potential welfare losses. Using a general and stringent definition of insurance and a simple ecological-economic model, we derive the economic insurance value of ecosystem resilience and study how it depends on ecosystem properties, economic context, and the ecosystem user's risk preferences. We show that (i) the insurance value of resilience is negative (positive) for low (high) levels of resilience, (ii) it increases with the level of resilience, and (iii) it is one additive component of the total economic value of resilience.en_US
dc.language.isoengen_US
dc.publisherUniv., Inst. für Volkswirtschaftslehre Lüneburgen_US
dc.relation.ispartofseriesUniversity of Lüneburg Working Paper Series in Economics 132en_US
dc.subject.jelQ57en_US
dc.subject.jelQ56en_US
dc.subject.jelD81en_US
dc.subject.jelG22en_US
dc.subject.ddc330en_US
dc.subject.keywordEcosystemen_US
dc.subject.keywordeconomic valueen_US
dc.subject.keywordinsuranceen_US
dc.subject.keywordresilienceen_US
dc.subject.keywordrisken_US
dc.subject.keywordrisk preferencesen_US
dc.titleThe economic insurance value of ecosystem resilienceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn608033812en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Working Paper Series in Economics, Leuphana Universität Lüneburg

Files in This Item:
File Description SizeFormat
608033812.pdf490.94 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.