Federico Perali

Chapter 10 Econometric identification of the cost of maintaining a child

The paper estimates the cost of maintaining a child, of different ages, the cost of being a single and the cost of additional adults present in a family with the aim of making the income levels of different households comparable. The study investigates the issue of econometric identification of equivalence scales within a demand system modified to include demographic characteristics consistently with economic theory. It shows that a robust estimation of equivalence scales must take into formal consideration the problem of econometric identification. The estimation also proposes an encompassing demographic specification which permits isolation of the costs due to differences in needs and differences in household life-styles and scale economies.

Incentivi economici per la protezione della biodiversità e degli ecosistemi di proprietà privata

Incentive mechanisms for ecosystem protection on private lands - This study has the objective to bring to the fore the importance of appropriate incentive schemes for the protection of biodiversity and ecosystems on private lands. The analysis describes the effectiveness of the regulations implemented in advanced countries. In particular, first the study presents some examples and discusses the implications of the actual legislation in developed countries for the protection of biodiversity and ecosystem services. Then, the study analyses the legal doctrine regarding compensation, and the available economic instruments for ecosystem services protection. Finally, the study presents the best economic tools capable to align private behavior with the social goals of protecting the services offered by the ecosystems and favoring the participation of private owners to projects for sustainable production and conservation. Special attention is paid to the institution of Community Foundations using as models those implemented in the United States. JEL: Q57, Q58 Key words: biodiversity, conservation, ecosystems, community foundations, economic incentives, private lands.