Wünscher, Tobias; Engel, Stefanie; Wunder, Sven - In: Ecological Economics 65 (2008) 4, pp. 822-833
Payments for environmental services (PES) have become an increasingly popular market-based instrument to translate external, non-market environmental services into financial incentives for landowners to preserve the ecosystems that provide the services. However, lack of spatial differentiation...