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This article investigates the shadow value of resilience in complex natural lands acting as wild pollinator habitats. We capture the linkage between pollination services in crop production and habitat conditions in the surrounding natural land with a bioeconomic model. Our case study is buckwheat, which is produced in the hilly and mountainous region of central Japan and is greatly dependent on diverse fauna for pollination services. We model the mechanism of regime shifts in ecosystems consisting of buckwheat fields and the surrounding natural land with a threshold estimation model. We then find that the forest around the crop fields, which serves as a habitat for wild pollinators, is a determinant of an ecological threshold that causes regime shifts. We calculate the shadow value of resilience provided by forest habitat around a unit of buckwheat field to be $9,796, implying that the total value of resilience in complex natural land amounts to half of the stock price of buckwheat land. This overlooked value gives us useful insights on the sustainable use of ecosystems, including both pollinator‐mediated crop fields and habitats for pollinators.

The Fukushima Daiichi accident released huge amounts of radioactive material over a wide area. We can appreciate the geographical extent of radioactive contamination from the information published online by the Japanese government. Historically, this is an unprecedented situation, which allows "natural experimentation" to estimate the causal effects of radioactive contamination on our society. This study focused on property value losses caused by the accident and analyzed changes in land appraisals around the Fukushima Daiichi plant from July 2010 to July 2011 within the framework of hedonic approach. Thus, we estimated the short-run impact of the contamination or the change in marginal value of proximity to the plant. The results suggest that the appraisals significantly and monotonically depreciated with increasing contamination levels. However, there was no evidence to suggest changes in the marginal value of proximity to the plant. A comparison between the appraisals and transaction prices indicates that this result could be interpreted as an underestimate of actual property value losses.

From the perspective of risk, nuclear-power-related facilities (NPRFs) are often regarded as locally undesirable land use. However, construction of NPRFs contributes to social infrastructural improvement and job creation in the host communities. This raises a question: How large are these positive and negative effects? To approach this question from an economic viewpoint, we estimated the hedonic land price function for the Mutsu-Ogawara region of Japan from 1976 to 2004 and analyzed year-by-year fluctuations in land prices around the NPRFs located there. Land prices increased gradually in the neighborhood of the nuclear fuel cycle facilities (NFCFs) in Rokkasho Village, except for some falling (i) from 1982 to 1983 (the first official announcement of the project of construction came in 1983), (ii) from 1987 to 1988 (in 1988, the construction began and opposition movements against the project reached their peak), and (iii) from 1998 to 1999 (the pilot carry-in of spent fuels into the reprocessing plant began in 1998). Land prices around the Higashidori Nuclear Power Plant decreased during the period 1981-1982, when the Tohoku Electric Power Corp. and Tokyo Electric Power Corp. announced their joint construction plan. On the other hand, we obtained some results, even though not significant, indicating that land prices around Ohminato and Sekinehama harbors changed with the arrival and departure of the nuclear ship Mutsu, which suffered a radiation leak in 1974.