When the Truth Hurts: Endangered Species Policy on Private Land with Imperfect Imformation

摘要

Current species conservation policy gives landowners little incentive to cooperate with information collection and may result in little conservation occurring on private land. Modifying the current system by paying compensation to landowners or forcing landowners to Provide information before developing, improves equilibrium efficiency. With symmetric but Imperfect information before developing, improves equilibrium efficiency. With symmetric but Imperfect information abut conservation value, combining elements of compensation and Information requirements in a regulatory scheme, similar to the current incidental take Provisions of the Endangered Species Act, can generate an efficient outcome.