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• W91999135 abstract "AbstractBased on empirical evidence from two Nicaraguan case studies, we scrutinise the PES approach from both a supply and a demand-side perspective. First, our analysis of a silvopastoral PES project suggests that a combination of economic and non-economic factors motivated farmers to adopt the envisaged practices. The second case study assesses local willingness to pay for watershed services. Despite the existence of a demand for improved water services and a consciousness of upstream-downstream interdependencies, the feasibility of a locally financed PES system is undermined by local perceptions of agricultural externalities and entitlements. We conclude that a narrow market-based approach to PES may not adequately explain the typically complex dynamics operating in the field. A more flexible approach recognising the complex outcomes of institutional interplay may be more appropriate.KeywordsEcosystem ServiceContingent ValuationEnvironmental GovernanceGlobal Environment FacilityLiving FenceThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
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• W91999135 date "2012-10-03" @default.
• W91999135 modified "2023-09-23" @default.
• W91999135 title "Towards an Institutional Approach to Payments for Ecosystem Services: Perspectives from Two Nicaraguan Cases" @default.
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• W91999135 doi "https://doi.org/10.1007/978-94-007-5176-7_18" @default.
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