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Conservation of Tropical Forests
Addressing Market Failure - Working Paper #43
Paper 363kb pdf
This paper proposes to (1) summarize existing literature on the causes of deforestation and the magnitude of the various forest benefit components; (2) critically discuss the usefulness of forest valuation exercises; (3) discuss the main market failures underlying deforestation; and (4) highlight the relationship between different property rights regimes, market failures, and policy effectiveness.
About the Authors
Professor of Economics