Technical Comments

Comment on “Using ecological thresholds to evaluate the costs and benefits of set-asides in a biodiversity hotspot”

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Science  13 Feb 2015:
Vol. 347, Issue 6223, pp. 731
DOI: 10.1126/science.aaa0916

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Abstract

Banks-Leite et al. (Reports, 29 August 2014, p. 1041) conclude that a large-scale program to restore the Brazilian Atlantic Forest using payments for environmental services (PES) is economically feasible. They do not analyze transaction costs, which are quantified infrequently and incompletely in the literature. Transaction costs can exceed 20% of total project costs and should be included in future research.

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