Market‐based conservation: Aligning static theory with dynamic systems

Richard Woodward, Amanda Stronza, Elizabeth Shapiro‐Garza and Lee A. Fitzgerald

Natural Resources Forum, 2014, vol. 38, issue 4, 235-247

Abstract: This paper provides a broad evaluation of the implications of market‐based conservation (MBC) strategies from economic, social and ecological perspectives. After reviewing the economic theory that underlies MBC initiatives, we develop a list of approaches that have been labeled as “market‐based”, and categorize them according to the degree to which they are free‐standing markets or require the intervention of the state. A multidisciplinary critique reveals the potential problems and pitfalls of MBC are due to a lack of ability to deal with dynamic systems in the real world. The dynamics of these three systems can undermine the intended goals of MBC.

Date: 2014
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https://doi.org/10.1111/1477-8947.12058

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Persistent link: https://EconPapers.repec.org/RePEc:wly:natres:v:38:y:2014:i:4:p:235-247

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