Economic analysis for ecosystem-based management: applications to marine and coastal environments

For both economist and non-economist audiences, this book introduces the ways in which the essential tools of economic analysis inform and improve ecosystem-based management. Topics include modeling economic impacts, benefit-cost analysis, spatial considerations in EBM, incentives and human behaviors, and accounting for uncertainty in policy analysis. Defying the conventional stereotype that economic perspectives necessarily favor the greateast commercial development, the authors demonstrate how comprehensive economic analyses consider the full range of potential services offered by marine and coastal ecosystems, including the conservation of biodiversity and creation of recreational opportunities.