Reply to Phelps et al: Liability rules provide incentives to protect natural capital

Affiliations

• ¹ Institute on the Environment, University of Minnesota, St. Paul, MN 55108; Department of Applied Economics, University of Minnesota, St. Paul, MN 55108; The Natural Capital Project, University of Minnesota, St. Paul, MN 55108; [email protected].
• ² The Natural Capital Project, c/o School of Environment and Forest Sciences, University of Washington, Seattle, WA 98195; Woods Institute for the Environment, Stanford University, Stanford, CA 94305;
• ³ Department of Integrative Biology, Oregon State University, Corvallis, OR 97331.