Tradable Land-Use Rights for Cumulative Environmental Effects Management
In this paper we introduce tradable land-use rights (TLRs) as a potential economic instrument for cumulative environmental effects management on public lands. TLRs allow the regulator to implement thresholds for habitat loss while maximizing the benefits of development. By allowing economic criteria to "drive" the configuration of development activities in a region, the risk of biodiversity loss may be reduced for a given cost. Alberta's Boreal Forest Natural Region is used as a case study for examining TLRs. Implementation issues, particularly those related to spatial heterogeneity and ecosystem dynamics, are discussed.
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Volume (Year): 28 (2002)
Issue (Month): 4 (December)
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References listed on IDEAS
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- Theodore Panayotou, 1994. "Conservation of biodiversity and economic development: The concept of transferable development rights," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(1), pages 91-110, February.
- Robert W. Hahn, 1984. "Market Power and Transferable Property Rights," The Quarterly Journal of Economics, Oxford University Press, vol. 99(4), pages 753-765. Full references (including those not matched with items on IDEAS)
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