VOLUNTARY CONSERVATION OF ENDANGERED SPECIES: WHEN DOES "NO SURPRISES" MEAN NO CONSERVATION

Christian Langpap

No 19747, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Voluntary conservation agreements are becoming increasingly important in implementing the Endangered Species Act on private land. We analyze when such agreements arise and what level of conservation they generate in the presence of uncertainty about future government regulation and conservation benefits. Our results suggest that the likelihood of an agreement depends on the availability of assurances regarding future regulation. In particular, an agreement may not be reached if there is a high degree of uncertainty regarding future conservation requirements. The level of conservation attainable from an agreement depends on the likelihood of regulation, the bargaining power of the parties, the irreversibility of development, and the availability of assurances. Under conditions likely to hold in practice, a higher conservation level may be achieved by offering assurances. However, this level of conservation will not be optimal, and may be lower than that attainable from regulation.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 32
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/19747/files/sp02la03.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19747

DOI: 10.22004/ag.econ.19747

Access Statistics for this paper

More papers in 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().