Conservation of Tropical Forests: Addressing Market Failure

Bulte, Erwin; Engel, Stefanie

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.


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Initiative for Policy Dialogue
Initiative for Policy Dialogue
Initiative for Policy Dialogue Working Paper Series
Published Here
February 2, 2010


The opinions expressed in these papers represent those of the author(s) and not The Initiative for Policy Dialogue. These papers are unpublished and have not been peer reviewed. Please do not cite without explicit permission from the author(s).