TY - JOUR
T1 - Market-based conservation
T2 - Aligning static theory with dynamic systems
AU - Woodward, Richard T.
AU - Stronza, Amanda
AU - Shapiro-Garza, Elizabeth
AU - Fitzgerald, Lee A.
N1 - Publisher Copyright:
© 2014 United Nations.
PY - 2014/11/1
Y1 - 2014/11/1
N2 - This paper provides a broad evaluation of the implications of market-based conservation (MBC) strategies from economic, social and ecological perspectives. After reviewing the economic theory that underlies MBC initiatives, we develop a list of approaches that have been labeled as "market-based", and categorize them according to the degree to which they are free-standing markets or require the intervention of the state. A multidisciplinary critique reveals the potential problems and pitfalls of MBC are due to a lack of ability to deal with dynamic systems in the real world. The dynamics of these three systems can undermine the intended goals of MBC.
AB - This paper provides a broad evaluation of the implications of market-based conservation (MBC) strategies from economic, social and ecological perspectives. After reviewing the economic theory that underlies MBC initiatives, we develop a list of approaches that have been labeled as "market-based", and categorize them according to the degree to which they are free-standing markets or require the intervention of the state. A multidisciplinary critique reveals the potential problems and pitfalls of MBC are due to a lack of ability to deal with dynamic systems in the real world. The dynamics of these three systems can undermine the intended goals of MBC.
KW - Conservation policy
KW - Incentive-based conservation
KW - Market-based conservation
UR - http://www.scopus.com/inward/record.url?scp=84911940019&partnerID=8YFLogxK
U2 - 10.1111/1477-8947.12058
DO - 10.1111/1477-8947.12058
M3 - Article
AN - SCOPUS:84911940019
SN - 0165-0203
VL - 38
SP - 235
EP - 247
JO - Natural Resources Forum
JF - Natural Resources Forum
IS - 4
ER -