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  • 标题:CONSERVATION PAYMENTS UNDER RISK: A STOCHASTIC DOMINANCE APPROACH
  • 本地全文:下载
  • 作者:Benitez, Pablo C. ; Kuosmanen, Timo ; Olschewski, Roland
  • 期刊名称:Journal of Food Distribution Research
  • 印刷版ISSN:0047-245X
  • 出版年度:2004
  • 期号:SUPPL
  • 出版社:Food Distribution Research Society
  • 摘要:Conservation payments can be used to preserve forest and agroforest systems in developing countries. To explain landowners' land-use decisions and determine the appropriate conservation payments, it is necessary to focus on risk associated with agricultural price and yield volatility. A theoretical framework is provided for assessing land-use allocation problems under risk and setting risk-efficient conservation payments when returns are not necessary normally distributed. Stochastic dominance rules are used to derive conditions for determining the conservation payments required to guarantee that the environmentally-preferred land use dominates, even when land uses are not considered to be mutually exclusive. An empirical application to shaded-coffee protection in the biologically important El Chocó region of West Ecuador shows that conservation payments required for preserving shaded-coffee areas are much higher than those calculated under the assumption of risk-neutrality. Further, the extant distribution of land has a strong impact on the required conservation payments.
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