Market-based instruments (MBIs) have been described as promising tools for advancing sustainable development in New Zealand (Sinner and Salmon, 2003). Sometimes described as “economic instruments”, these instruments seek to bring market opportunities and processes into areas that have been traditionally controlled by direct regulation, information and motivational processes.
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Paper provided by Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia in its series Natural Resource Management Economics with number
04_003.
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