Technical Comments

Response to 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.aaa1602

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Abstract

Finney claims that we did not include transaction costs while assessing the economic costs of a set-aside program in Brazil and that accounting for them could potentially render large payments for environmental services (PES) projects unfeasible. We agree with the need for a better understanding of transaction costs but provide evidence that they do not alter the feasibility of the set-aside scheme we proposed.

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