Market based instruments for ecosystem services have become the norm since the Millennium Ecosystem Assessment advanced the concept of “ecosystem services” as an international reference in global governance. In this way, market based instruments for ecosystem services have increasingly been...

In the growing literature on “payments for environmental services” schemes, so far not much attention has been paid to their institutional dimensions when assessing their performance; this is especially true of the Costa Rican case. This paper provides an analysis of the institutional...