Chomitz, Kenneth M.Thomas, Timothy S.Salazar Brandão, Antônio2013-06-272013-06-272004-10https://hdl.handle.net/10986/14234A 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.en-USCC BY 3.0 IGOABANDONMENTAGRICULTURAL LANDAGRICULTURAL LANDSAGRICULTUREAIR POLLUTIONALTERNATIVE APPROACHAMAZONBASINBIODIVERSITYBIODIVERSITY CONSERVATIONBIOLOGICAL CHARACTERISTICSBIOMASSCARBONCARBON SEQUESTRATIONCARBON STORAGECLEAN WATER ACTCOMPLIANCE COSTSCROPLANDCROPSDEFORESTATIONDEMAND CURVESDEVELOPING COUNTRIESECOLOGICAL CONDITIONSECONOMIC IMPACTSECONOMIC INSTRUMENTSECONOMIC VALUESECONOMICSECOSYSTEMECOSYSTEMSENVIRONMENTAL BENEFITSENVIRONMENTAL EFFECTSENVIRONMENTAL IMPACTSENVIRONMENTAL SERVICESEQUILIBRIUMEXPENDITURESFARMERSFARMSFISHERIESFOREST COVERFOREST LANDFOREST REGROWTHFORESTSFURNACESHABITAT CONSERVATIONHABITATSIRONLAND COVERLAND MANAGEMENTLAND USELAND USESLAND VALUELEGISLATIONOPPORTUNITY COSTSPARKSPERMIT PROGRAMSPERMITSPLAINSPLANTATIONSPLOTSPOLITICAL ECONOMYPRESENT VALUEPRESERVATIONREMOTE SENSINGRESTORATIONRIVERRIVER BASINSRIVERSROCKSSAVINGSSOCIAL COSTSSOILSTREAMSTIMBERTRADABLE DEVELOPMENT RIGHTSTRADEOFFSTREESVEGETATIONWATERSHEDWATERSHED PROTECTIONWATERSHEDSWETLAND LOSSESWETLAND MITIGATIONWorld Bank10.1596/1813-9450-3429