Please use this identifier to cite or link to this item: http://hdl.handle.net/2440/16848
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Type: Journal article
Title: Protecting Eden: markets or government?
Author: Damania, Richard
Hatch, John
Citation: Ecological Economics, 2005; 53 (3):339-351
Publisher: Elsevier Science BV
Issue Date: 2005
ISSN: 0921-8009
School/Discipline: School of Economics
Statement of
Responsibility: 
Richard Damania and John Hatch
Abstract: The majority of species classified as “threatened”, “endangered” or “vulnerable” by the IUCN are to be found in government-controlled parks and legally protected areas in developing countries. Dissatisfaction with the public sector's record in protecting endangered species has prompted calls for the use of market-based instruments and other economic incentives to promote more effective environmental outcomes. In this paper, we examine whether greater reliance on market-based incentives would result in improved environmental outcomes in national parks. We address this issue by extending the literature on optimal contracts to the case of a renewable resource. We identify conditions under which private ownership or control of a national park induces more (less) efficient management of protected areas. The paper concludes with a discussion of the limitations of the analysis and the implications of these results for the conservation of biodiversity.
Keywords: Species conservation; Incentives; National park management
Description: Copyright © 2004 Elsevier B.V. All rights reserved.
RMID: 0020050418
DOI: 10.1016/j.ecolecon.2004.09.015
Description (link): http://www.elsevier.com/wps/find/journaldescription.cws_home/503305/description#description
Appears in Collections:Economics publications

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