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How should we incentivize private landowners to "produce" more biodive rsity?

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Author Info

  • Armsworth, Paul R
  • Banerjee, Simanti
  • Hanley, Nicholas
  • Lennox, Gareth D

Abstract

Globally, much biodiversity is found on private land. Acting to conserve such biodiversity thus requires the design of policies which influence the decision-making of farmers and foresters. In this paper, we outline the economic characteristics of this problem, before reviewing a number of policy options such as conservation auctions and conservation easements. We then discuss a number of policy design problems, such as need for spatial coordination and the choice between paying for outcomes rather than actions, before summarizing what the evidence and theory developed to date tells us about those aspects of biodiversity policy design which need careful attention from policy makers and environmental regulators.

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File URL: http://hdl.handle.net/1893/3596
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Bibliographic Info

Paper provided by University of Stirling, Division of Economics in its series Stirling Economics Discussion Papers with number 2012-02.

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Date of creation: Feb 2012
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Handle: RePEc:stl:stledp:2012-02

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Postal: Division of Economics, University of Stirling, Stirling, Scotland FK9 4LA
Phone: +44 (0)1786 467473
Fax: +44 (0)1786 467469
Web page: http://www.econ.stir.ac.uk/
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Related research

Keywords: agglomeration bonus; conservation auctions; policy design; biodiversit y;

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References

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Cited by:
  1. Lennox, Gareth D. & Gaston, Kevin J. & Acs, Szvetlana & Dallimer, Martin & Hanley, Nick & Armsworth, Paul R., 2013. "Conservation when landowners have bargaining power: Continuous conservation investments and cost uncertainty," Ecological Economics, Elsevier, vol. 93(C), pages 69-78.
  2. Banerjee, Simanti & de, Vries Frans & Hanley, Nicholas & van, Soest Daan, 2013. "The Impact of Information Provision on Agglomeration Bonus Performance: An Experimental Study on Local Networks," Stirling Economics Discussion Papers 2013-09, University of Stirling, Division of Economics.

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