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Will PES Schemes Survive in the Long-term Without Evidence of Their Effectiveness? Exploring Four Water-related Cases in Colombia / Lima, Letícia Santos de (Universidade Federal de Minas Gerais) ; Ramos Barón, Pablo Andrés (Pontificia Universidad Javeriana) ; Villamayor Tomás, Sergio (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals) ; Krueger, Tobias (Humboldt-Universität zu Berlin)
This paper explores the reasons why payers, intermediaries, and providers engage in PES even under uncertainty about outcomes, and how they relate to the long term durability of the scheme. In theory, it is expected that, in face of high uncertainty, payers would leave the projects if effectiveness cannot be demonstrated and providers would not keep their conservation practices if no money remains available. [...]
2019 - 10.1016/j.ecolecon.2018.09.005
Ecological economics, Vol. 156 (February 2019) , p. 211-223  

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