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Biodiversity Conservation on Private Lands: Information Problems and Regulatory Choices

Tun Lin and Timo Goeschl ()

No 2004.55, Working Papers from Fondazione Eni Enrico Mattei

Abstract: This survey paper examines various information insufficiencies in biodiversity conservation and their impact of regulatory choices. We surveyed the literature in the field and identified four major types of informational insufficiencies in making efficient biodiversity conservation decisions: 1) biological uncertainty 2) natural uncertainty 3) individual information, and 4) monitoring problem. The consequences of these four types of information insufficiencies on the choice of regulatory tools are explored. We discuss in this context three types of regulatory tools: land takings, environmental fees/charges, and contracts. The efficiency of each type of regulatory tools is shown dependent on the specific informational constraints that the regulatory faces.

Keywords: Biodiversity conservation; Information; Regulatory tools (search for similar items in EconPapers)
JEL-codes: Q20 Q28 D82 D83 (search for similar items in EconPapers)
Date: 2004-03
New Economics Papers: this item is included in nep-agr and nep-env
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Handle: RePEc:fem:femwpa:2004.55