Library & Tools

3376

The Cost-Effectiveness of Conservation Payments

Paul Ferraro and David Simpson

The authors argue that it's more cost-effective to pay for conservation performance directly than indirectly through subsidies. They demonstrate with an empirical example that direct payment initiatives can offer spectacular cost-savings relative to less direct approaches, and assert that continued experimentation with direct conservation incentives in the developing world is warranted and will prove successful.

Please see our Reprint Guidelines for details on republishing our articles.