R. David Simpson
For the last few decades, ecosystem services have been a popular theme in conservation policy. Should national governments be involved in enhancing their provision?
Ecosystem services such as clean water from forests are free, but now their value is being recognized. Entrepreneurs are developing markets for these services and providing incentives for conservation.
As part of PERC's Free Market Environmentalism Workshop, "Financial Contracting, Transaction Costs, and Environmental Amenities," Dr. Jonathan Karpoff offers the keynote address highlighting Ronald Coase and environmental finance. Concluding Remarks.