When the truth hurts: Endangered species policy on private land with imperfect information

Stephen Polasky, Holly Doremus

Research output: Contribution to journalArticlepeer-review

73 Scopus citations

Abstract

Current species conservation policy gives landowners little incentive to cooperate with information collection and may result in little conservation occurring on private land. Modifying the current system by paying compensation to landowners or forcing landowners to provide information before developing, improves equilibrium efficiency. With symmetric but imperfect information about conservation value, combining elements of compensation and information requirements in a regulatory scheme, similar to the current incidental take provisions of the Endangered Species Act, can generate an efficient outcome. When landowners have private information about land value and compensation cannot be based on species conservation value, an efficient outcome cannot be assured.

Original languageEnglish (US)
Pages (from-to)22-47
Number of pages26
JournalJournal of Environmental Economics and Management
Volume35
Issue number1
DOIs
StatePublished - Jan 1998
Externally publishedYes

Bibliographical note

Copyright:
Copyright 2017 Elsevier B.V., All rights reserved.

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