Potential Cost-Effectiveness of Incentive Payment Programs for the Protection of Non-Industrial Private Forests
研究评估了激励支付计划相比传统自上而下监管计划在生物保护中的成本效益，利用芬兰非工业私有森林数据，发现激励计划可能更高效。
<i>This study assesses the potential cost-effectiveness of incentive payment programs relative to traditional, top-down regulatory programs for biological conservation. We develop site-level estimates of the opportunity cost and non-monetized biological benefits of protecting biodiversity hotspots in Finnish non-industrial private forests. We then use these estimates to contrast and compare the cost-effectiveness of alternative conservation programs. Our results suggest that incentive payment programs, which tacitly capitalize on landowners’ private knowledge about the opportunity costs of conservation, may be considerably more cost-effective than traditional, top-down regulatory programs.</i>