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1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand >
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|Title: ||PRIVATE INCENTIVES FOR ENVIRONMENTAL PUBLIC GOODS|
|Authors: ||Whitten, Stuart M.|
Bennett, Jeffrey W.
|Authors (Email): ||Whitten, Stuart (firstname.lastname@example.org,)|
|Keywords: ||Environmental public goods|
resource decision making.
|Issue Date: ||1999|
|Abstract: ||Private land managers make decisions regarding the use of their environmental
resources in response to information and incentives contained in the price mechanism.
However, the price mechanism often fails to reflect adequately the information
relating to the public good attributes of environmental resources. Hence decisions
made by private land managers do not necessarily reflect the desires of society as a
whole. In this paper the incentives of wetland owners are explored in conjunction
with some of the constraints imposed by the production process and the institutional
framework. Specifically three aspects of the resource allocation problem faced by
society are explored. Firstly, the institutional framework within which private
wetland managers operate is examined. Secondly, the nature of private and public
outputs produced by a specific environmental resource, wetlands, is analysed.
Finally, the nature of the production process that uses wetlands as inputs and jointly
produces both private and public goods is investigated. The theoretical construct
developed in this paper will be tested as part of the ‘Private and Social Values of
Wetlands’ research project currently in progress.|
|Institution/Association: ||Australian Agricultural and Resource Economics Society>1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand|
|Total Pages: ||20|
|Collections:||1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand|
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