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between the predictions provided by theory and the corresponding outcomes in practice. In particular, the author challenges … the theory behind Payments for Environmental Services (PES), a concept derived from neoclassical welfare economics, by …", Oxford University Press 2011) "Philipp Aerni offers a most useful critical assessment of the theory and practice of payments …
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In this review we synthetize the existing contributions that use econometric approaches to examine the influence of institutions and governance on environmental policy, environmental outcomes, and investments. The paper describes how the relationship between institutions and various response...
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