Pattanayak, Subhrendu K.; Wunder, Sven; Ferraro, Paul J. - In: Review of Environmental Economics and Policy 4 (2010) 2, pp. 254-274
Many of the services supplied by nature are externalities. Economic theory suggests that some form of subsidy or contracting between the beneficiaries and the providers could result in an optimal supply of environmental services. Moreover, if the poor own resources that give them a comparative...