TY - BOOK AU - Chomitz, Kenneth M. AU - Brandao, Antonia Salazar AU - Thomas, Timothy S. TI - Creating markets for habitat conservation when habitats are heterogeneous U1 - 333.95 PY - 2004/// CY - Washington, D. C. PB - World Bank KW - Habitat conservation - Brazil KW - Biological diversity conservation - Brazil N2 - 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 maintain a forest reserve of at least 20 percent, but nascent policies allow some tradability of this obligation. The authors use a simple, spatially explicit model to simulate a hypothetical state-level program. They find that wider trading domains drastically reduce landholder costs of complying with this regulation and result in environmentally preferable landscapes. http://documents.worldbank.org/curated/en/318351468769881893/Creating-markets-for-habitat-conservation-when-habitats-are-heterogeneous ER -