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| Author: | Mori, K. |
| Title: | Can market-based policies accomplish the optimal floodplain management? A gap between static and dynamic models |
| Journal: | Journal of Environmental Management
2009 : FEB, VOL. 90:2, p. 1191-1194 |
| Index terms: | markets dynamic models policy environmental protection marginal costing |
| Freeterms: | floodplain ecosystem service unidirectional spatial externality market-based policy local stability analysis static model |
| Language: | eng |
| Abstract: | The goal is to set static and dynamic models for optimal floodplain management and to compare policy implications from the models. It is argues there is an interesting gap between static and dynamic models about policy implications for floodplain management, although they are based on the same assumptions. Essentially, namely the same optimal conditions, which imply that the marginal benefits must equal the sum of the marginal costs and the social external costs related to ecosystem services. It is suggests that have to internalizes the external costs by market-based policies. Market-based policies seem to be effective in a static model but they are not sufficient in the context of a dynamic model because the optimal steady state turns out to be unstable. Based on a dynamic model. The author argues to needs more coercive regulation policies. |
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