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Market Instruments, ecosystem services, and property rights: Assumptions and conditions for sustained social and ecological benefits

Lockie, Stewart


Market-based instruments (MBIs) are promoted as economically efficient, targeted solutions to otherwise intractable environmental policy problems with additional potential to improve the livelihood security of ecosystem service providers. This paper argues that the effectiveness of MBIs (and the likelihood therefore of sustained environmental and social outcomes) depends on a number of often unacknowledged assumptions about the distribution of benefits arising from ecosystem service provision,...[Show more]

CollectionsANU Research Publications
Date published: 2013
Type: Journal article
Source: Land Use Policy
DOI: 10.1016/j.landusepol.2011.08.010


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