Payments for Ecosystem Services: Mechanisms to Achieve Desired Landscape Patterns
AbstractThis paper evaluates the effectiveness of five payment for ecosystem service (PES) schemes at meeting conservation objectives when the spatial configuration is important in meeting desired landscape patterns. The five PES schemes are: 1) fee-simple acquisition; 2) subsidies; 3) tradable development rights (TDR) with zoning; 4) mitigation banking; and 5) purchased development rights (PDR) easements. Findings are that tradeoffs exist between PES schemes for meeting spatial conservation objectives. The appropriate PES scheme incentive mechanism for a given region will depend upon economic demand as well as the landowner and landscape characteristics of the conservation region.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 34551.
Date of creation: Jul 2011
Date of revision:
Landscape; Spatial conservation; payment for ecosystem services; PES;
Find related papers by JEL classification:
- Q27 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Issues in International Trade
- Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-11-14 (Agricultural Economics)
- NEP-ALL-2011-11-14 (All new papers)
- NEP-ENV-2011-11-14 (Environmental Economics)
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