The long term success of payment for environmental services (PES) schemes depends on adequate demand for services and sustainable financing. We examine the viability of using locally-financed payments to protect watershed services in rural eastern Costa Rica. Using dichotomous choice contingent...

Payment for environmental service (PES) programs are innovative approaches for watershed and natural resources management that increasingly are being used around the world. Most well-studied PES examples rely predominately, if not entirely, on large governmental and outside non-governmental...

Domestic institutional frameworks can play a significant role in the performance of climate policy instruments. Using an institutional economic analysis, this paper describes recent substantive constitutional reforms related to the provision of environmental services in Ecuador and evaluates...

The failure to properly account forthe total value of environmental and natural resourcesresults in socially undesirable overexploitation anddegradation of complex ecosystems such as mangrovewetlands. However, most ecosystem valuation researchtoo often focuses on the question of “what is the...

While theoretical aspects of transferable development rights (TDR) programmes have been explored, there is little research into programmatic elements of successful TDR programmes. The reported research systematically analyses characteristics of TDR programmes that correspond with successful...

The manner in which WTP survey responses are elicited has received much attention in the nonmarket valuation literature because of the potential bias that may be introduced via alternate response formats. One issue of particular concern is that of incentive compatibility. Several studies have...