>Permit wetlands owners to sell annual wetlands-support coupons,
>based upon the size of the property and its suitability as a
>nursery habitat. Shrimpers could buy the coupons, and redeem
>them with the State fisheries licensing agency in return for a
>discount on their commercial fishing licenses.
A direct subsidy of wetlands, based also on size and suitability,
would create the same incentives to preserve wetlands, while avoiding
transaction costs of exchanging coupons. The coupons seems like
useless make-work.
Robin Hanson
hanson@econ.berkeley.edu http://hanson.berkeley.edu/
RWJF Health Policy Scholar, Sch. of Public Health 510-643-1884
140 Warren Hall, UC Berkeley, CA 94720-7360 FAX: 510-643-8614
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Received on Tue May 12 16:38:58 1998
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