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crowding out

Definition Source References

It has been hypothesized that the rise of economic incentive approaches (so-called ‘market-based’ approaches) in environmental policy making, could lead to a change in values towards a commercialization of nature (i.e. people putting more weight on instrumental values and less on intrinsic values of nature in decision-making). This risks undermining intrinsic motivation or pro-nature values and mindsets.

Values assessment