Ecosystem services and economic theory: Integration for policy-relevant research
Research article by Jouni Paavola on 1 Dec 2008
It has become essential in policy and decision-making circles to think about the economic benefits (in addition to moral and scientific motivations) humans derive from well-functioning ecosystems. The concept of ecosystem services has been developed to address this link between ecosystems and human welfare. Since policy decisions are often evaluated through cost–benefit assessments, an economic […]