Payment for ecosystem services (PES) is a powerful tool for enhancing economic, environmental, and social returns from investments in integrated ecosystem management, including forest regeneration, agricultural landscapes, agroforestry, silvo-pastoral systems, etc. It provides financial...

The purpose of this document is to discuss, from the monetary point of view, the long run effects of a fixed exchange rate regime on prices and interest rates. We develop a partial equilibrium model for the monetary sector of a small open economy in which we link fixed exchange rate to the...

This paper considers valuation of amenities in urban neighborhoods and satisfaction with both those neighborhoods and life in general. First, rents are used to estimate neighborhood amenities price in San Jose, which explain 39 percent of the standardized variation of rents. Some districts rank...

The purpose of this document is to discuss, from the monetary point of view, the long run effects of a fixed exchange rate regime on prices and interest rates. We develop a partial equilibrium model for the monetary sector of a small open economy in which we link fixed exchange rate to the...

The paper discusses the application of Elinor Ostrom’s Social Ecological Systems (SES) framework, using as example a community organization in Costa Rica, which collectively extracts turtle eggs. The paper does so with the particular aim of examining the coevolving relationship between...

This paper considers valuation of amenities in urban neighborhoods and satisfaction with those neighborhoods and life in general. First, rents are used to estimate the price of neighborhood amenities in San Jose, which explains 39% of the standardized variation of rents. Some districts rank very...

The risk of losses of income and productive means due to adverse weather associated to climate change can significantly differ between farmers sharing a productive landscape. It is important to learn more about how farmers react to different levels of risk, under measurable and unmeasurable...

We estimate local effects of Payment for Environmental Services (PES) programs on poverty in Costa Rica between 2007 and 2009. Using household surveys and spatial geographic data, we are able to control for socioeconomic and geographic characteristics at the individual and census tract level. We...