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Bundling Biodiversity

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  • Geoffrey Heal

    (Columbia Business School,)

Abstract

Biodiversity provides essential services to human societies. Many of these services are provided as public goods, so that they will typically be underprovided both by market mechanisms (because of the impossibility of excluding non-payers from using the services) and by government-run systems (because of the free rider problem). I suggest here that in some cases the public goods provided by biodiversity conservation can be bundled with private goods and their value to consumers captured in the price realized by the private goods. This may lead to an efficient level of provision. (JEL: H41, Q2, R41) Copyright (c) 2003 The European Economic Association.

Suggested Citation

  • Geoffrey Heal, 2003. "Bundling Biodiversity," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 553-560, 04/05.
    • Handle: RePEc:tpr:jeurec:v:1:y:2003:i:2-3:p:553-560
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    Citations

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    Cited by:

    1. David Zilberman & Leslie Lipper & Nancy McCarthy, 2009. "Putting Payments for Environmental Services in the Context of Economic Development," Natural Resource Management and Policy, in: Leslie Lipper & Takumi Sakuyama & Randy Stringer & David Zilberman (ed.), Payment for Environmental Services in Agricultural Landscapes, chapter 2, pages 9-33, Springer.
    2. Hackmann, Angelina, 2024. "Bridging the biodiversity financing gap," SAFE White Paper Series 103, Leibniz Institute for Financial Research SAFE.
    3. Soumya Balasubramanya & Barbara Evans & Richard Hardy & Rizwan Ahmed & Ahasan Habib & N S M Asad & Mominur Rahman & M Hasan & Digbijoy Dey & Louise Fletcher & Miller Alonso Camargo-Valero & Krishna Ch, 2017. "Towards sustainable sanitation management: Establishing the costs and willingness to pay for emptying and transporting sludge in rural districts with high rates of access to latrines," PLOS ONE, Public Library of Science, vol. 12(3), pages 1-20, March.
    4. Scott Barrett, 2022. "A Biodiversity Hotspots Treaty: The Road not Taken," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(4), pages 937-954, December.
    5. Dam, Lammertjan & Heijdra, Ben J., 2011. "The environmental and macroeconomic effects of socially responsible investment," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1424-1434, September.
    6. Heal, Geoffrey, 2004. "Economics of biodiversity: an introduction," Resource and Energy Economics, Elsevier, vol. 26(2), pages 105-114, June.
    7. Molina, Renato & Costello, Christopher & Kaffine, Daniel, 2024. "Sharing and expanding the co-benefits of conservation," Ecological Economics, Elsevier, vol. 218(C).
    8. Jean-Michel Salles, 2011. "Valuing biodiversity and ecosystem services: why linking economic values with Nature?," Working Papers 11-24, LAMETA, Universtiy of Montpellier, revised Dec 2011.
    9. Frackenpohl, Gerrit & Pönitzsch, Gert, 2013. "Bundling Public with Private Goods," Bonn Econ Discussion Papers 05/2013, University of Bonn, Bonn Graduate School of Economics (BGSE).
    10. David Worden & Getu Hailu & Kate Jones & Yu Na Lee, 2022. "The effects of bundling on livestock producers' valuations of environmentally friendly traits available through genomic selection," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 70(4), pages 263-286, December.

    More about this item

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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