Creating Markets for Habitat Conservation When Habitats Are Heterogeneous
A tradable development rights (TDR)
program focusing on biodiversity conservation faces a
crucial problem defining which areas of habitat should be
considered equivalent. Restricting the trading domain to a
narrow area could boost the range of biodiversity conserved
but could increase the opportunity cost of conservation. The
issue is relevant to Brazil, where TDR-like programs are
emerging. Current regulations require each rural property to