Agro-Ecosystem Services - Governance Needs and Efficiency

Abstract:     
This paper incorporates the interdisciplinary New Institutional and Transaction Costs Economics and suggests a holistic framework for analysis of management agro-ecosystem services. That new approach for analyses and assessment of management of agro-ecosystem services includes: definition of the agro-ecosystem services and the governance; specification of governance needs of agro-ecosystem services and the spectrum of available governing modes (formal and informal institutions, market, private, public and hybrid forms); assessment of efficiency of different modes of governance in terms of their potential to protect diverse eco-rights and investments, assure a socially desirable level of agro-ecosystem services, minimize overall costs, coordinate and stimulate eco-activities, meet individual and social preferences and reconcile conflicts of related agents etc.

Number of Pages in PDF File: 21

Keywords: ecosystem services, mechanisms of governance, environmental management, market, private, public and hybrid governance

JEL Classification: Q18, Q15, Q13, Q12, Q01, Q20, Q26, Q25, Q24, Q57, Q58, Q56, Q27, Q28, R58, D02, D86, D03, D23, D21

working papers series