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Market‐based conservation: Aligning static theory with dynamic systems |
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| Authors: | Richard T Woodward Amanda Stronza Elizabeth Shapiro‐Garza Lee A Fitzgerald |
| Institution: | 1. Applied Biodiversity Science NSF‐IGERT Doctoral Program, Room 210 Nagle Hall, Texas A&M University, , College Station, TX, 77843‐2258;2. Department of Agricultural Economics, Texas A&M University, , College Station, TX, 77843‐2124;3. Departments of Recreation, Park, and Tourism Sciences and Anthropology, Texas A&M University, , College Station, TX, 77843;4. Departments Nicholas School of the Environment, Duke University, , Durham, NC, 27705;5. Department of Wildlife and Fisheries Sciences, Texas A&M University, , College Station, TX, 77843‐2258 |
| Abstract: | 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. |
| Keywords: | Market‐based conservation incentive‐based conservation conservation policy |