Biodiversity, Human Well-Being, and Markets

Seth Binder, Stephen Polasky

Research output: Chapter in Book/Report/Conference proceedingChapter

2 Scopus citations

Abstract

Biodiversity contributes to human well-being directly through provision of foods, fuels, and fibers, and indirectly through its role in enhancing ecosystem functions that lead to the provision of ecosystem services. Although market forces have often led to the loss of biodiversity, for cases where biodiversity contributes to human well-being, it is possible to design markets to provide incentives to conserve or enhance biodiversity. This article discusses ways in which biodiversity contributes to human well-being and ways in which markets could be used to enhance the maintenance of biodiversity.

Original languageEnglish (US)
Title of host publicationEncyclopedia of Biodiversity
Subtitle of host publicationSecond Edition
PublisherElsevier Inc.
Pages435-439
Number of pages5
ISBN (Electronic)9780123847195
ISBN (Print)9780123847201
DOIs
StatePublished - Jan 1 2013

Keywords

  • Biodiversity
  • Ecosystem service
  • Ecotourism
  • Efficiency
  • Externalities
  • Goods and services
  • Human well-being
  • Incentives
  • Insurance
  • Market failure
  • Markets
  • Overyielding
  • Prices
  • Public good

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