Cost-effective biodiversity restoration with uncertain growth in forest habitat quality

Gren, Ing-Marie, Baxter, Peter, Mikusinski, Grzegorz and Possingham, Hugh (2014) Cost-effective biodiversity restoration with uncertain growth in forest habitat quality. Journal of Forest Economics, 20 1: 77-92. doi:10.1016/j.jfe.2013.09.003


Author Gren, Ing-Marie
Baxter, Peter
Mikusinski, Grzegorz
Possingham, Hugh
Title Cost-effective biodiversity restoration with uncertain growth in forest habitat quality
Journal name Journal of Forest Economics   Check publisher's open access policy
ISSN 1104-6899
1618-1530
Publication date 2014-01-01
Year available 2013
Sub-type Article (original research)
DOI 10.1016/j.jfe.2013.09.003
Open Access Status Not yet assessed
Volume 20
Issue 1
Start page 77
End page 92
Total pages 16
Place of publication Jena, Germany
Publisher Urban und Fischer
Language eng
Abstract This paper develops a dynamic model for cost-effective selection of sites for restoring biodiversity when habitat quality develops over time and is uncertain. A safety-first decision criterion is used for ensuring a minimum level of habitats, and this is formulated in a chance-constrained programming framework. The theoretical results show; (i) inclusion of quality growth reduces overall cost for achieving a future biodiversity target from relatively early establishment of habitats, but (ii) consideration of uncertainty in growth increases total cost and delays establishment, and (iii) cost-effective trading of habitat requires exchange rate between sites that varies over time. An empirical application to the red listed umbrella species - white-backed woodpecker - shows that the total cost of achieving habitat targets specified in the Swedish recovery plan is doubled if the target is to be achieved with high reliability, and that equilibrating price on a habitat trading market differs considerably between different quality growth combinations.
Keyword Chance constrained programming
Cost-effective biodiversity restoration
Spatial and temporal heterogeneity
Uncertainty
White-backed woodpecker in Sweden
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2014 Collection
School of Biological Sciences Publications
Ecology Centre Publications
 
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