Publications

The Changing Wealth of Nations: measuring sustainable development in the New Millennium
Close to one third of the wealth of low-income countries comes from their “natural capital” which includes forests, protected areas, agricultural lands, energy and minerals, according to a new … read more »

Optimal harvesting of fish stocks under a time-varying discount rate
Optimal control theory has been extensively used to determine the optimal harvesting policy for renewable resources such as fish stocks. In such optimisations, it is common to maximise the … read more »

Enforcement-proof contracts with moral hazard in precaution: ensuring ‘permanence’ in carbon sequestration
Opportunistic behaviour due to incomplete contract enforcement is a risk in many economic transactions, such as forest carbon sequestration contracts. In this paper, an enforcement-proof incentive … read more »

Is gold a safe haven? International evidence
In this essay I discuss the role of cooperation in the process of innovation. I argue for a reorientation of the way we conceptualize economic behaviour, taking account of … read more »

Agrobiodiversity, farm profits and land fragmentation: evidence from Bulgaria
This paper presents an empirical analysis of the role of land fragmentation, crop biodiversity and their interplay with farm profitability. Original primary data are drawn from a survey conducted … read more »

Auctioning conservation contracts in the presence of externalities
Current models of conservation auctions do not permit for the presence of environmental externalities and synergies between bidders. Yet, conservation auctions are usually set up for … read more »

Land use change and availability of ecosystem services in the Brazilian Atlantic Forest
The importance of quantifying existing ecosystem services, assessing the impacts of various land use decisions and ultimately evaluating the overall costs and benefits of different land use patterns having … read more »

Investigating the potential for marine resource protection through environmental service markets: an exploratory study from La Paz Mexico
Marine Protected Areas (MPAs) have long been advocated as effective management vehicles for promoting long-term conservation of marine resources and biodiversity. However MPAs are failing in their conservation goals, … read more »

Social inequality and collective action: an empirical study of forest commons
Previous research has identified a range of variables conducive to the self-organization of user groups for participatory resource management, including the physical and technical attributes of the resource, the … read more »

Economics and the governance of sustainable development. Governing Sustainability: essays in honour of Tim O’Riordan
In this chapter we assess the role of economics in governance for sustainable development. Firstly, we ask how has the‘mainstream’ environmental and resource economics paradigm helped us understand the … read more »


