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Incentive Systems for Forest-Based Ecosystem Services with Missing Financial Service Markets

机译:金融服务市场缺失的基于森林的生态系统服务激励系统

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摘要

Payments for ecosystem services (PES) is a popular paradigm to address underprovision of ecosystem services in developing economies. Potential PES recipients often experience other market imperfections, which can influence PES uptake and environmental performance. These include poorly functioning financial services markets. We develop a model of nonindustrial timber production with poorly functioning financial service markets and PES. We calibrate the model to the Panama Canal Watershed and solve the dynamic allocation decision using dynamic programming. The results of our model show that improving financial services markets, including improved access to borrowing and savings, can reduce the costs of acquiring ecosystem services. Nonenvironmental market frictions can influence the incentive properties of PES payment vehicles. Our model predicts that wealthier individuals are likely to provide the desired land uses at least cost if incentivized land uses involve production. In these cases cost-effective PES is unlikely to advance development objectives.
机译:生态系统服务付款(PES)是解决发展中经济体生态系统服务配置不足的一种流行范例。潜在的PES接收者通常会遇到其他市场缺陷,这可能会影响PES的吸收和环境绩效。这些包括运作不佳的金融服务市场。我们建立了一个功能较弱的金融服务市场和PES的非工业木材生产模型。我们将模型校准到巴拿马运河流域,并使用动态规划求解动态分配决策。我们模型的结果表明,改善金融服务市场,包括改善借贷和储蓄的渠道,可以降低获取生态系统服务的成本。非环境市场摩擦会影响PES支付工具的激励特性。我们的模型预测,如果激励性土地使用涉及生产,则较富裕的个人可能至少以成本提供所需的土地使用。在这些情况下,具有成本效益的PES不太可能促进发展目标。

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