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Pastoralism

Research, Policy and Practice

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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.
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