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Research, Policy and Practice

Table 5 Policy Analysis Matrix (PAM)

From: The economics and institutional economics of wildlife on private land in Africa

 

Revenues

Costs

Profits

Tradable inputs

Domestic factors

Private prices

A

B

C

D

‘Social’ (or ‘economic’) pricesi

E

F

G

H

Divergence

I

J

K

L

  1. iThe PAM can also account for environmental externalities and for ecological, regulating and social/cultural services by building estimates of the cost of these into social prices, but we did not do this.