Efficiency Equity Tradeoffs In Targeting Payments For Ecosystem Services
Download Efficiency Equity Tradeoffs In Targeting Payments For Ecosystem Services full books in PDF, epub, and Kindle. Read online free Efficiency Equity Tradeoffs In Targeting Payments For Ecosystem Services ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Efficiency-Equity Tradeoffs in Targeting Payments for Ecosystem Services
Author | : Junjie Wu |
Publisher | : |
Total Pages | : 0 |
Release | : 2020 |
Genre | : |
ISBN | : |
Download Efficiency-Equity Tradeoffs in Targeting Payments for Ecosystem Services Book in PDF, Epub and Kindle
This article develops an analytic framework to analyze the tradeoff between economic efficiency and distributional equity in targeting payments for ecosystem services (PES). It also proposes an empirical procedure to trace out the efficiency-equity frontier, where the program is Pareto optimal in the sense that it cannot be improved upon to achieve either higher efficiency or distributional equity without compromising the other. We apply the procedure to the Conservation Reserve Program (CRP), the largest PES program in U.S. history, to analyze (a) whether it is possible to improve both the efficiency and the distributional equity of the program, and (b) what the choice made by CRP administrators implies about the political-economic balance. Results reveal that (a) CRP administrators forfeited about 9% of efficiency for an 18%-23% improvement in distributional equity, depending on the equity indicator used, in the eighteenth signup of the CRP; (b) reducing the maximum allowable rental rate for all contracts would improve efficiency at the cost of distributional equity; (c) reducing the maximum county enrollment cap would reduce efficiency without generating much improvement in distributional equity; and (d) the CRP targeting criterion could be redesigned to achieve both higher efficiency and higher distributional equity.
Efficiency-Equity Tradeoffs in Targeting Payments for Ecosystem Services Related Books
Pages: 0
Pages: 44
Pages: 12
Pages: 171
Pages: 32