How should we incentivize private landowners to "produce" more biodive rsity?
AbstractGlobally, 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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Bibliographic InfoPaper provided by University of Stirling, Division of Economics in its series Stirling Economics Discussion Papers with number 2012-02.
Date of creation: Feb 2012
Date of revision:
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Postal: Division of Economics, University of Stirling, Stirling, Scotland FK9 4LA
Phone: +44 (0)1786 467473
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Web page: http://www.econ.stir.ac.uk/
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agglomeration bonus; conservation auctions; policy design; biodiversit y;
Other versions of this item:
- Nick Hanley & Simanti Banerjee & Gareth D. Lennox & Paul R. Armsworth, 2012. "How should we incentivize private landowners to ‘produce’ more biodiversity?," Oxford Review of Economic Policy, Oxford University Press, vol. 28(1), pages 93-113, Spring.
- NEP-AGR-2012-04-03 (Agricultural Economics)
- NEP-ALL-2012-04-03 (All new papers)
- NEP-ENV-2012-04-03 (Environmental Economics)
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