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Bundled Ecosystem Markets – Are They The Future?

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  • Greenhalgh, Suzie

Abstract

Bundled ecosystem markets may be the next big buzz in environmental policy and ecosystem conservation and restoration. But what does it mean? And what is the feasibility of these markets? While single service ecosystem markets are proliferating, bundled ecosystem markets are not. Using some ‘enabling’ and ‘operating’ conditions identified for various single ecosystem markets, I will see how these conditions hold as you move to bundled ecosystem markets. I also outline some of the hurdles that confront the development of bundled ecosystem markets and what may need to be reconciled to move these markets forward. This article is aimed at stimulating greater thinking and promoting more exploration by the policy and research community into the development of bundled ecosystem markets.

Suggested Citation

  • Greenhalgh, Suzie, 2008. "Bundled Ecosystem Markets – Are They The Future?," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6166, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea08:6166
    DOI: 10.22004/ag.econ.6166
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    References listed on IDEAS

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    1. Greenhalgh, Suzie & Selman, Mindy, 2008. "Water quality trading programs: A comparison between the Northern and Southern Hemispheres," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6028, Australian Agricultural and Resource Economics Society.
    2. Randall, Alan & Taylor, Michael A., 2000. "Incentive-Based Solutions To Agricultural Environmental Problems: Recent Developments In Theory And Practice," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(2), pages 1-14, August.
    3. King, Dennis M., 2005. "Crunch Time for Water Quality Trading," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 20(1), pages 1-5.
    4. ,, 2000. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 16(2), pages 287-299, April.
    5. Greg Murtough & Barbara Aretino & Anna Matysek, 2002. "Creating markets for ecosystem services," Urban/Regional 0207001, University Library of Munich, Germany.
    6. Randall, Alan & Taylor, Michael A., 2000. "Incentive-Based Solutions to Agricultural Environmental Problems: Recent Developments in Theory and Practice," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(2), pages 221-234, August.
    7. Murtough, Greg & Aretino, Barbara & Matysek, Anna, 2002. "Creating Markets for Ecosystem Services," Staff Research Papers 31912, Productivity Commission.
    8. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
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    Cited by:

    1. Woodward, Richard T., 2011. "Double-dipping in environmental markets," Journal of Environmental Economics and Management, Elsevier, vol. 61(2), pages 153-169, March.
    2. Valcu, Adriana Mihaela, 2013. "Agricultural nonpoint source pollution and water quality trading: empirical analysis under imperfect cost information and measurement error," ISU General Staff Papers 201301010800004451, Iowa State University, Department of Economics.

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