Ecosystems and biodiversity have been degraded over decades due to human activities. One of the critical causes is market failure: the current market only accounts tangible resources and neglects intangible functions, such as climate control and natural hazard mitigation. Under such circumstances in capitalism, land conversion and resource exploitation, which generate financial income, are highly prioritised over conservation, which is not necessarily beneficial in monetary terms.

To halt ecosystem degradation, thus, the values of ecosystem services need to be visualised and economic instruments for ecosystem conservation should be further developed. This book focuses on these two aspects and performs several studies, including valuation of ecosystem services, productivity analysis, institutional design of payment for ecosystem services (PES), impact assessment of reduction emission from deforestation and forest degradation (REDD), and economic experiment of mitigation banking scheme. From these analysis, economic values of ecosystem services are demonstrated from both supply and demand side, and the directions for improving economic instruments are indicated both directly and indirectly.

As many of these analysis are usually conducted in the North America and Europe, this book is unique in geographical focus, namely, Japan, Asia and globe. Also, wide variety of ecosystems are targeted for studies; agricultural lands, forests, wetlands, and marine. Hence, this will be informative introduction for those who desire to study economics of biodiversity and ecosystem services in these regions and of these ecological zones.

part 1|33 pages

Biodiversity and ecosystem services

chapter 2|16 pages

Sustainable use of ecosystem services

ByKei Kabaya, Shunsuke Managi

part 4|73 pages

Valuation of ecosystem services

chapter 5|16 pages

The value of biodiversity and recreation demand models

A spatial Kuhn–Tucker model
ByKoichi Kuriyama, Yasushi Shoji, Takahiro Tsuge

chapter 6|9 pages

Payment for agricultural ecosystem services and its valuation

ByKentaro Yoshida

chapter 7|25 pages

Determinants of happiness

Environmental degradation and attachment to nature
ByTetsuya Tsurumi, Kei Kuramashi, Shunsuke Managi

chapter 8|22 pages

Productivity analysis on ecosystems and biodiversity

ByKei Kabaya, Shunsuke Managi

part 9|73 pages

Economic instruments for ecosystem conservation

chapter 11|25 pages

Impact assessment of sustainable forest use policy with the economic model

BySatoshi Kojima, Kei Kabaya

chapter 12|16 pages

Financing REDD-plus

A review of options and challenges
ByKimihiko Hyakumura, Henry Scheyvens

chapter 13|19 pages

Evaluation of offset schemes with a laboratory experiment

ByKeisaku Higashida, Kenta Tanaka, Shunsuke Managi

part 14|55 pages

Economic analysis on ecosystem restoration and resource management

chapter 15|17 pages

Project portfolio analysis of global ecosystem restoration

ByKei Kabaya, Shunsuke Managi

chapter 16|15 pages

Diversity on fisheries

Price volatilities in the Japanese market
ByKentaka Aruga, Shunsuke Managi

chapter 17|11 pages

Market delineation among the Japanese retail fish markets

ByKentaka Aruga, Shunsuke Managi

chapter 18|10 pages


Towards biodiversity conservation
ByShunsuke Managi, Kei Kabaya