Very useful for students or researchers in the field of resource management, resource economics, and environmental politics. I made a tiny research on why do public reforestation programs are not successfully applied in Southeast Mexico, where rainforest restoration could be a profitable activity. The answer is policy design, intermediaries, and cultural qualities of the communities that own the resources. Looking for conceptual backup, I bumped into Sterner's work and found it extensive, analytical, and rich. It made me understand how policies have different designs according to the properties of the resources which are aimed to be managed. Sterner displays an array of political instruments and explains why do some work and others don't for particular resources, and what are the risks of missapplying a certain instrument. For example, in page 50, he explains how market properties affect forest deforestation, and how do policies can be applied according to the amount of forest left. If theory was seriously applied to resource management, resource degradation would surely be avoided, according to the authors concepts and recommendations.
Happy reading!
Ximena
