Wünscher, TobiasEngel, StefanieWunder, Sven2016-04-192016-04-192008Ecological Economics 65(4): 822-8330921-8009http://hdl.handle.net/10919/67555Metadata only recordThis paper describes a site selection tool designed to improve the efficiency of Payments for environmental services (PES) mechanisms through spatial differentiation. The tool considers three variables: the environmental services of the area, risk of service loss, and costs of participation. An implemented PES scheme in the Nicoya Peninsula of Costa Rica provides the empirical data for testing the tool's capacity to increase program efficiency.text/plainen-USIn CopyrightEconomic analysesPayments for environmental servicesEnvironmental impactsEnvironmental servicesConservation strategyConservationEconomic impactsPESSpatial analysisTargetingCosta RicaMarket-based instrumentsParticipation costsSite selection toolSpatial targeting of payments for environmental services: A tool for boosting conservation benefitsAbstractCopyright 2007 Elsevier B.V. All rights reserved.https://doi.org/10.1016/j.ecolecon.2007.11.014