Pagiola, Stefano; Zhang, Wei; Colom, Ale - Agricultural and Applied Economics Association - AAEA - 2008
Payments for Environmental Services (PES) are being increasingly used as conservation instruments, particularly in … Latin America. PES programs seek to capture part of the benefits derived from environmental services and channel them to … empirical verification of this assumption to date, however. The PES approach was conceptualized as a mechanism to improve the …