Abstract
Conventional wisdom holds that monetary compensation for positive transboundary externalities will promote conservation of resource amenities. We demonstrate that, in the case of elephant conservation, international transfers may also result in strategic behavior by host countries, with adverse implications for global welfare and in situ stocks
| Original language | English |
|---|---|
| Pages (from-to) | 15-22 |
| Journal | Agricultural Economics |
| Volume | 27 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2002 |
Keywords
- Declining marginal preservation value
- Elephant conservation
- International compensatory transfers
- Strategic choice
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