Biodiversity Conservation on Private Lands: Information Problems and Regulatory Choices

41 Pages Posted: 24 May 2004

See all articles by Timo Goeschl

Timo Goeschl

University of Heidelberg - Alfred Weber Institute for Economics

Tun Lin

University of Cambridge - Faculty of Economics and Politics; World Bank

Date Written: March 2004

Abstract

This survey paper examines various information insufficiencies in biodiversity conservation and their impact of regulatory choices. We surveyed the literature in the field and identified four major types of informational insufficiencies in making efficient biodiversity conservation decisions: 1) biological uncertainty 2) natural uncertainty 3) individual information, and 4) monitoring problem. The consequences of these four types of information insufficiencies on the choice of regulatory tools are explored. We discuss in this context three types of regulatory tools: land takings, environmental fees/charges, and contracts. The efficiency of each type of regulatory tools is shown dependent on the specific informational constraints that the regulatory faces.

Keywords: Biodiversity conservation, Information, Regulatory tools

JEL Classification: Q20, Q28, D82, D83

Suggested Citation

Goeschl, Timo and Lin, Tun, Biodiversity Conservation on Private Lands: Information Problems and Regulatory Choices (March 2004). FEEM Working Paper No. 55.04, Available at SSRN: https://ssrn.com/abstract=541107 or http://dx.doi.org/10.2139/ssrn.541107

Timo Goeschl

University of Heidelberg - Alfred Weber Institute for Economics ( email )

Bergheimer Str. 20
D-69115 Heidelberg
Germany

Tun Lin (Contact Author)

University of Cambridge - Faculty of Economics and Politics ( email )

Austin Robinson Building
Sidgwick Avenue
Cambridge, CB3 9DD
United Kingdom

World Bank

1818 H Street, N.W.
Washington, DC 20433
United States

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