| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Marketed Outputs and Non-Marketed Outputs: The Marginal Costs of Producing Ecosystem Services
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| Autores: |
Wossink, Ada
Sauer, Johannes
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| Data: |
2010-04-21
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| Ano: |
2010
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| Palavras-chave: |
Ecosystem services
Green payments
Bio-economic modelling
Economies of scale and scope
Program evaluation.
Environmental Economics and Policy
Land Economics/Use
Q18
Q57
Q58.
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| Resumo: |
We provide a new approach for assessing the cost of marginal ecosystem changes and the effectiveness of green payment schemes. The approach is based on a theoretical and empirical analysis of the bio-economic production interactions between marketed outputs and non-marketed ecosystem services at the micro level. To frame the economic nature of the problem, we employ a generalized joint production model in combination with cost minimization. The generalized joint production framework allows for the consideration of complementary, supplementary and competitive relationships between agricultural production and non-marketed ecosystem services generation and avoids double counting. From this theoretical model we distinguish three theoretical cases depending on the imposed minimum acceptable level of the non-marketed ecosystem services. We employ farm level panel data for the UK to empirically investigate these cases. More specifically, to represent and evaluate the production structure, we estimate first- and second-order elasticities derived from a flexible transformation function. Results show that the majority of farms produce agricultural output and ecosystem services in a complementary relationship. Generation of multiple ecosystem services on the same farm showed either a supplementary or competitive relationship. Changing the composition of the ecosystem services output would have very different implications for individual farms.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/60804
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| Relação: |
Agricultural and Applied Economics Association>2010 Annual Meeting, July 25-27, 2010, Denver, Colorado
Selected Paper
11049
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| Formato: |
24
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