Innes, Robert; Polasky, Stephen; Tschirhart, John - In: Journal of Economic Perspectives 12 (1998) 3, pp. 35-52
Preserving endangered species on private land benefits the public, but may confer cost on landowners if property is 'taken.' Government compensation to landowners can offset costs, although the Endangered Species Act does not require compensation. The authors survey private economic incentives...