The cost-effectiveness of conservation payments

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dc.contributor.authorFerraro, Paul J.en
dc.contributor.authorSimpson, R. Daviden
dc.contributor.departmentSustainable Agriculture and Natural Resource Management (SANREM) Knowledgebaseen
dc.coverage.spatialMadagascaren
dc.coverage.temporal1991 - 1995en
dc.date.accessioned2016-04-19T18:56:30Zen
dc.date.available2016-04-19T18:56:30Zen
dc.date.issued2002en
dc.description.abstractInternational donors invest billions of dollars to conserve ecosystems in low-income nations. The most common investments aim to encourage commercial activities, such as ecotourism, that indirectly generate ecosystem protection as a joint product. We demonstrate that paying for ecosystem protection directly can be far more cost-effective. Although direct-payment initiatives have imposing institutional requirements, we argue that all conservation initiatives face similar challenges. Thus conservation practitioners would be well advised to implement the first-best direct-payment approach, rather than a second-best policy option. An empirical example illustrates the spectacular cost savings that can be realized by direct-payment initiatives.en
dc.description.notesPES-1 (Payments for Environmental Services Associate Award)en
dc.format.mimetypeapplication/pdfen
dc.format.mimetypetext/plainen
dc.identifier676en
dc.identifier2486en
dc.identifier.citationLand Economics 78(3): 339-353en
dc.identifier.issn0023-7639en
dc.identifier.other676_CR_00011.pdfen
dc.identifier.urihttp://hdl.handle.net/10919/66217en
dc.language.isoen_USen
dc.publisherMadison, Wis.: University of Wisconsin Pressen
dc.relation.urihttp://www.cserge.ucl.ac.uk/Ferraro%20and%20Simpson%202002.pdfen
dc.rightsIn Copyrighten
dc.rights.holderCopyright 2002 by the Board of Regents of the University of Wisconsin Systemen
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectSocial impactsen
dc.subjectHumid zonesen
dc.subjectEcosystemen
dc.subjectSemiarid zonesen
dc.subjectSustainable developmenten
dc.subjectPayments for environmental servicesen
dc.subjectEnvironmental impactsen
dc.subjectEnterprise typesen
dc.subjectEcotourismen
dc.subjectNatural resource-based enterpriseen
dc.subjectConservation strategyen
dc.subjectConservationen
dc.subjectEconomic impactsen
dc.subjectParksen
dc.subjectNatural resource managementen
dc.subjectLow-income nationsen
dc.subjectDirect paymentsen
dc.subjectCost savingsen
dc.subjectEcosystem Farm/Enterprise Scale Governanceen
dc.titleThe cost-effectiveness of conservation paymentsen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten

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