 Increasing Conservation Efficiency While Maintaining Distributive Goals With the Payment for Environmental ServicesLong Chu, R. Quentin Grafton and Rodney Keenan Ecological Economics, 2019, vol. 156, issue C, 202-210 Abstract: A key challenge in designing Payment for Environmental Services (PES) programs is to balance conservation efficiency with equity where, typically, decision makers do not have practical and quantitative tools to consider the possible trade-offs. Here, we propose a policy-relevant and implementable ‘win-settle’ model that allows PES decision makers to maximize efficiency while considering the distributive equity associated with beneficiary payments. To demonstrate our approach, we calibrate the model to a current PES program in Vietnam that has one of the world's most comprehensive and self-sustained payment schemes for forest conservation. The results indicate that our approach could generate a substantial improvement relative to current methods. In other words, for the same expenditure and identical horizontal equity in payments to beneficiaries, more forest could be conserved, and with a lower administrative burden. Keywords: Conservation; Ecosystems; Forest Protection; Payment Design; Vietnam (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:156:y:2019:i:c:p:202-210 DOI: 10.1016/j.ecolecon.2018.10.003 Access Statistics for this article Ecological Economics is currently edited by C. J. Cleveland More articles in Ecological Economics from Elsevier |
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