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Provedor de dados:  AgEcon
País:  United States
Título:  Conservation Payments under Risk: A Stochastic Dominance Approach
Autores:  Benitez, Pablo C.
Kuosmanen, Timo
Olschewski, Roland
van Kooten, G. Cornelis
Data:  2008-06-09
Ano:  2005
Palavras-chave:  Agroforest systems
Conservation payments
Land allocation
Portfolio diversification
Risk
Stochastic dominance
Environmental Economics and Policy
Land Economics/Use
Resource /Energy Economics and Policy
C73
O54
Q23
Q57
R14
Resumo:  Updated version of REPA Working Paper 2004-05.

Conservation payments can be used to preserve forest and agroforest systems. To explain landowners’ land-use decisions and determine appropriate conservation payments, it is necessary to focus on revenue risk. Marginal conditional stochastic dominance rules are used to derive conditions for determining the conservation payments required to guarantee that the environmentally-preferred land use dominates. An empirical application to shaded-coffee protection in the biologically important Chocó region of West-Ecuador shows that conservation payments required for preserving shaded-coffee areas are much higher than those calculated under risk-neutral assumptions. Further, the extant distribution of land has strong impacts on the required payments.
Tipo:  Working or Discussion Paper
Idioma:  Inglês
Identificador:  http://purl.umn.edu/37024
Relação:  University of Victoria>Resource and Environmental Economics and Policy Analysis Research Group>Working Papers
REPA Working Paper
2005-14
Formato:  42
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