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| Toth, Sandor F.; Rabotyagov, Sergey S.; Ettl, Gregory J.. |
| We attempt to design a market framework (which we call ECOSEL) for private provision of forest ecosystem services. ECOSEL is a non-regulatory framework that uses a voluntary public good provision mechanism (in a form of an auction) in conjunction with a multiobjective optimization algorithm to create a market for forest ecosystem services. It is expected to be attractive to the demand side of the ecosystem service market since only Pareto-efficient bundles of services are offered for auction, and it is expected to be attractive to the supply side as well by creating a source of non-timber income for forest landowners. ECOSEL is capable of flexible response to demand for other relevant dimensions of forest-related environmental amenities such as... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy; Marketing. |
| Ano: 2009 |
URL: http://purl.umn.edu/49565 |
