Asset-building schemes

Asset-building schemes relating to Payments for Ecosystem Services (PES) aim to restore an area’s environmental services, for example (re)planting trees in a treeless, degraded landscape. Conservation-opportunity and protection costs aside, PES schemes may here also compensate the direct costs of establishing ES, often through investments within agricultural systems (Pagiola et al., 2004 cited by Wunder, 2005).

See also: Use-restricting schemes

References

Wunder, S., 2005. Payments for Environmental Services: Some Nuts and Bolts. CIFOR Occasional Paper No. 42. Centre for International Forestry Research: Bogor.

Behavioral economics

is a subfield of economics that integrates insights from psychology in the analysis of economic decision-making. It is commonly known for focusing on heuristics (rules of thumb as opposed to maximisation behavior) and biases (deviations from the homo economicus model/expected utility theory, e.g., loss aversion). Related fields are experimental economics and behavioral economists commonly apply economic experiments.

Bilateral contracts

are contracts between two individuals or parties. Parties can be organisations, businesses, agencies.

Business model

A business model describes the rationale of how an organisation creates, delivers, and captures value, in economic, social, cultural or other contexts (Osterwalder and Pigneur, 2010). The process of business model construction and modification is also called business model innovation and forms a part of business strategy (Geissdoerfer et al., 2017). One role of business models is to provide a set of generic level descriptors of how a firm organises itself to create and distribute value in a profitable manner (Baden-Fuller and Morgan, 2010). 

References

Baden-Fuller, C. and M. Morgan, 2010. Business models as models. Long Range Planning, 43 (2–3) 156-171. DOI: 10.1016/j.lrp.2010.02.005
Geissdoerfer, M., P. Savaget and S. Evans, 2017.The Cambridge business model innovation process. Procedia Manufacturing 8: 262-269. DOI: 10.1016/j.promfg.2017.02.033
Osterwalder, A. and Y. Pigneur, 2010. Business Model Generation: a Handbook for Visionaries, Game Changers, and Challengers. John Wiley & Sons.

Collaboration

People working jointly towards a common goal, involving regular interaction among the collaborating individuals. May also apply to organisations. Belongs to the range of collective approaches.

Synonym: Cooperation