title: Conservation economics. Response to Comment on "Using ecological thresholds to evaluate the costs and benefits of set-asides in a biodiversity hotspot".
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.
authors: Grand Challenges in the Ecosystems and Environment, Department of Life Sciences, Imperial College London, Silwood Park Campus, Ascot, SL5 7PY, UK. Departmento de Ecologia, Instituto de Biociências, Universidade de São Paulo, Rua do Matão, 321, Travessa 14, 05508-090, São Paulo, SP, Brazil. c.banks@imperial.ac.uk.
authors: Cristina
authors: C
authors: Banks-Leite
authors: Departmento de Zoologia, Instituto de Biociências, Universidade de São Paulo, Rua do Matão, 321, Travessa 14, 05508-090, São Paulo, SP, Brazil.
authors: Renata
authors: R
authors: Pardini
authors: Departmento de Ecologia, Instituto de Biociências, Universidade de São Paulo, Rua do Matão, 321, Travessa 14, 05508-090, São Paulo, SP, Brazil.
authors: Leandro R
authors: LR
authors: Tambosi
authors: Department of Ecology, Evolution, and Behavior, University of Minnesota, 215 Ecology Building, 1987 Upper Buford Circle, Saint Paul, MN 55108, USA.
authors: William D
authors: WD
authors: Pearse
authors: Fundação Florestal, Rua do Horto, 931, 02377-000, São Paulo, SP, Brazil.
authors: Adriana A
authors: AA
authors: Bueno
authors: Departmento de Ecologia, Instituto de Biociências, Universidade de São Paulo, Rua do Matão, 321, Travessa 14, 05508-090, São Paulo, SP, Brazil.
authors: Roberta T
authors: RT
authors: Bruscagin
authors: Departamento de Zoologia, Instituto de Biociências, Universidade Estadual Paulista, Caixa Postal 199, 13506-900, Rio Claro, SP, Brazil.
authors: Thais H
authors: TH
authors: Condez
authors: Departmento de Ecologia, Instituto de Biociências, Universidade de São Paulo, Rua do Matão, 321, Travessa 14, 05508-090, São Paulo, SP, Brazil.
authors: Marianna
authors: M
authors: Dixo
authors: Curso de Gestão Ambiental, Escola de Artes, Ciências e Humanidades, Universidade de São Paulo, Avenida Arlindo Béttio, 1000, 03828-000, São Paulo, SP, Brazil.
authors: Alexandre T
authors: AT
authors: Igari
authors: Department of Ecology and Evolutionary Biology, University of Toronto, 25 Willcocks Street, Toronto, ON M5S 3B2, Canada.
authors: Alexandre C
authors: AC
authors: Martensen
authors: Departmento de Ecologia, Instituto de Biociências, Universidade de São Paulo, Rua do Matão, 321, Travessa 14, 05508-090, São Paulo, SP, Brazil.
authors: Jean Paul
authors: JP
authors: Metzger
mesh_terms: D000383:Agriculture / Q000191:economics*; D000818:Animals; D044822:Biodiversity; D003247:Conservation of Natural Resources / Q000191:economics*; D006801:Humans; D014197:Trees; D014714:Vertebrates / Q000145:classification*