PT  - JOURNAL ARTICLE
AU  - Goeschl, Timo
AU  - Igliori, Danilo Camargo
TI  - Reconciling Conservation and Development: A Dynamic Hotelling Model of Extractive Reserves
AID  - 10.2307/3654725
DP  - 2004 Aug 01
TA  - Land Economics
PG  - 340--354
VI  - 80
IP  - 3
4099  - http://le.uwpress.org/content/80/3/340.short
4100  - http://le.uwpress.org/content/80/3/340.full
SO  - Land Econ2004 Aug 01; 80
AB  - The instrument of extractive reserves has been advertised as a novel approach to reconciling biodiversity conservation and economic development. The empirical literature analyzing extractive reserves, however, delivers an ambiguous assessment of its success. This paper asks whether extractive reserves are capable of delivering long-term development benefits, even in theory. The analysis is carried out by assessing the long-run viability of an extractive reserve under a set of favorable conditions, through a dynamic model of spatial competition. We show that for extractive reserves to be even theoretically viable, a number of restrictive conditions have to be fulfilled. (JEL Q32)