Habitat and Open Space at Risk of Land-Use Conversion: Targeting Strategies for Land Conservation
David A. Newburn
Texas A&M University - Department of Agricultural Economics
University of California, Berkeley - Department of Agricultural & Resource Economics
Adina M. Merenlender
University of California, Berkeley - Department of Environmental Science, Policy, and Management
American Journal of Agricultural Economics, Vol. 88, No. 1, pp. 28-42, February 2006
Funds available to purchase land and easements for conservation purposes are limited. This article provides a targeting strategy for protecting multiple environmental benefits that includes heterogeneity in land costs and probability of land-use conversion, by incorporating spatially explicit land-use change and hedonic price models. This strategy is compared to two alternative strategies that omit either land cost or conversion threat. Based on dynamic programming and Monte Carlo simulations with alternating periods of conservation and development, we demonstrate that the positive correlation between land costs and probability of land-use conversion affects targeting efficiency using parcel data from Sonoma County, California.
Accepted Paper Series
Date posted: February 22, 2007
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