Two environmental economists with the International Institute for Environment and Development and Pagiola (an environmental economist with the World Bank) are the editors and among the authors of this collection of 15 essays in this book. The papers present case studies of the application of market-based mechanisms for watershed management, biodiversity, forest carbon, and other resources, in countries that include the US, Canada, Australia, India, Costa Rica, Ecuador, Chile, Panama, and Brazil. The book demonstrates how payment systems can be established in practice, their effectiveness and their implications for the poor.
