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Managing Small Natural Features: A Synthesis Of Economic Issues And Emergent Opportunities, Dana Bauer, Kathleen Bell, Erick Nelson, Aram J K Calhoun

Publications

Small natural features (SNFs), landscape elements that influence species persistence and ecological functioning on a much larger scale than one would expect from their size, can also offer a greater rate of return on conservation investment compared to that of larger natural features or more broad-based conservation. However, their size and perceived lack of significance also makes them more vulnerable to threats and destruction. We examine the management of SNFs and conservation of the associated ecosystem services they generate from an economics perspective. Using the economic concept of market failure, we identify three key themes that explain prevailing threats to …