The choice of policy mechanisms for encouraging environmentally beneficial land-use change should depend on the relative levels of private (or internal) net benefits, and public (or external) net benefits. A map of recommended policy mechanisms is developed, depending on the relative levels of these variables. Positive incentives, negative incentives, and extension need to be targeted carefully to appropriate projects—where private net benefits are closer to zero, and/or public net benefits are more extremely positive or negative. Technology development is suggested where private net costs outweigh public net benefits. No action is recommended for many potential projects.
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Article provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 84 (2008) Issue (Month): 2 () Pages: 225-240 Download reference. The following formats are available: HTML,
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