This paper examines the use of federal regulations and market-based incentives to conserve habitat for the Florida panther on private lands. We examine: the role of habitat conservation in panther recovery efforts; the limitations of existing regulatory mechanisms, in particular the Endangered Species Act, in conserving panther habitat on private lands; and how market-based incentives for habitat conservation may complement regulations. In particular, we examine how a payment for ecosystem services (PES) program could attain both economic and ecological efficiency in habitat conservation on private lands. We conclude that a strategic combination of regulatory and market-based incentives would be more effective at conserving contiguous habitat on private lands, especially when the loss of habitat is driven by rapid urban and exurban development.
All Science Journal Classification (ASJC) codes
- Geography, Planning and Development
- Nature and Landscape Conservation
- Management, Monitoring, Policy and Law