Abstract
<i>The instrument of extractive reserves has been advertised as a novel approach to reconciling biodiversity conservation and economic development. The empirical literature analyzing extractive reserves, however, delivers an ambiguous assessment of its success. This paper asks whether extractive reserves are capable of delivering long-term development benefits, even in theory. The analysis is carried out by assessing the long-run viability of an extractive reserve under a set of favorable conditions, through a dynamic model of spatial competition. We show that for extractive reserves to be even theoretically viable, a number of restrictive conditions have to be fulfilled.</i> (JEL Q32)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: 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.
