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Conservation economics: economic analysis of biodiversity conservation and ecosystem services

  • Stephen Polasky
Article

Abstract

Economic analysis has much to contribute to understanding and analyzing the conservation of biological diversity and the provision of ecosystem services. These issues are vitally important and relatively understudied by economists to date. Application of economic tools is needed to understand the benefits and costs of conserving biodiversity and providing ecosystem services. Application of economic tools is needed to evaluate management and policy options both in terms of cost effectiveness and cost—benefit analysis. This article reviews recent developments in the area of conservation economics and discusses important challenges that remain.

Key words

Biodiversity Ecosystem services Conservation strategies Costeffectiveness Incentive-based policies 

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Copyright information

© Springer Japan 2009

Authors and Affiliations

  • Stephen Polasky
    • 1
  1. 1.Department of Applied Economics, 337E Classroom Office BuildingUniversity of MinnesotaSt. PaulUSA

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