Abstract
This paper investigates the trade-off between equity and conservation outcomes of two alternative Payment for Environmental Services (PES) schemes, using the results of a framed field experiment (public good game). Particularly, we investigate two alternative PES schemes under endowment heterogeneity and heterogeneity in the opportunity costs of conservation. We test an equal PES scheme, where a fixed flat rate per conserved hectare is paid and an unequal PES scheme, which compensates according to the opportunity costs of conservation. Main findings indicate that the introduction of an unequal PES scheme does not necessarily come at the cost of conservation. Furthermore, the results show that an unequal PES may function as a redistribution instrument by realigning earnings towards the low-endowed subjects.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.