Lessons Relearned: Can Previous Research on Incentive-Based Mechanisms Point the Way for Payments for Ecosystem Services?
View/ Open
Author
Jack, B. Kelsey
Kousky, Carolyn
Sims, Katharine Emans
Published Version
https://www.hks.harvard.edu/centers/cid/publications/fellow-graduate-student-working-papersMetadata
Show full item recordCitation
Jack, B. Kelsey, Carolyn Kousky, and Katharine Emans Sims. “Lessons Relearned: Can Previous Research on Incentive-Based Mechanisms Point the Way for Payments for Ecosystem Services?” CID Graduate Student and Postdoctoral Fellow Working Paper Series 2007.15, Harvard University, Cambridge, MA, January 2007.Abstract
Payments for ecosystem services (PES) are policies in which individuals or communities are compensated for undertaking actions that increase the provision of ecosystem services such as water purification, flood mitigation, and carbon sequestration. PES policies rely on incentives to induce behavioral change, and can thus be considered part of the broader class of incentive- or market-based mechanisms for environmental policy. By recognizing PES programs as incentive-based mechanisms, policy-makers can draw on insights from the substantial body of accumulated knowledge about these instruments in order to gain a better understanding of the conditions under which PES schemes are likely to be environmentally effective, cost-effective, and equitable. In this paper, we offer six lessons from theoretical and empirical research on incentive-based mechanisms that we think deserve explicit consideration when designing and evaluating PESpolicies.
Terms of Use
This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAACitable link to this page
https://nrs.harvard.edu/URN-3:HUL.INSTREPOS:37366437
Collections
Contact administrator regarding this item (to report mistakes or request changes)