Abstract:In the context of decision making, the main challenge is the assessment of changes in natural capital stocks due to conversion of ecosystems for development purposes. Ecosystems are basically a spatial concept, so the natural approach is to use GIS to evaluate land cover changes. Basic economic model of competing land uses allows us to formulate the criteria of economic rationality in the management of natural capital. The goal of this paper is a preliminary application of the criteria coming from the economic… Show more
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