IDEAS home Printed from https://ideas.repec.org/p/ags/aaea03/22189.html
   My bibliography  Save this paper

The Wetland Restoration Site Selection Problem Under Wetland Mitigation Banking (WMB) in Minnesota

Author

Listed:
  • Boyer, Tracy A.

Abstract

A spatial economic model is developed to guide regulatory policy for wetland compensation under wetland mitigation banking in Minnesota. A binary integer-integer programming model identifies restoration sites based on their potential for environmental quality improvement. In contrast to results found in the application of reserve site selection for species preservation (Ando et al, 1998, Polasky et al, 2001), the unique homogeneity of wetland restoration sites in Minnesota and the inclusion of restoration costs that exhibit economies of scale suggest that the private market may function adequately to create large, high quality habitats for wetland restoration.

Suggested Citation

  • Boyer, Tracy A., 2003. "The Wetland Restoration Site Selection Problem Under Wetland Mitigation Banking (WMB) in Minnesota," 2003 Annual meeting, July 27-30, Montreal, Canada 22189, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:22189
    DOI: 10.22004/ag.econ.22189
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/22189/files/sp03bo04.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.22189?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mitsch, William J. & Gosselink, James G., 2000. "The value of wetlands: importance of scale and landscape setting," Ecological Economics, Elsevier, vol. 35(1), pages 25-33, October.
    2. Linda Fernandez & Larry Karp, 1998. "Restoring Wetlands Through Wetlands Mitigation Banks," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 12(3), pages 323-344, October.
    3. Andrew J. Plantinga & Douglas J. Miller, 2001. "Agricultural Land Values and the Value of Rights to Future Land Development," Land Economics, University of Wisconsin Press, vol. 77(1), pages 56-67.
    4. Robert G. Haight & Charles S. Revelle & Stephanie A. Snyder, 2000. "An Integer Optimization Approach to a Probabilistic Reserve Site Selection Problem," Operations Research, INFORMS, vol. 48(5), pages 697-708, October.
    5. Stephen Polasky & Jeffrey D. Camm & Brian Garber-Yonts, 2001. "Selecting Biological Reserves Cost-Effectively: An Application to Terrestrial Vertebrate Conservation in Oregon," Land Economics, University of Wisconsin Press, vol. 77(1), pages 68-78.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Billionnet, Alain, 2011. "Solving the probabilistic reserve selection problem," Ecological Modelling, Elsevier, vol. 222(3), pages 546-554.
    2. Stephanie A. Snyder & Robert G. Haight, 2016. "Application of the Maximal Covering Location Problem to Habitat Reserve Site Selection," International Regional Science Review, , vol. 39(1), pages 28-47, January.
    3. Hayri Önal & Robert A. Briers, 2006. "Optimal Selection of a Connected Reserve Network," Operations Research, INFORMS, vol. 54(2), pages 379-388, April.
    4. Onal, Hayri & Yanprechaset, Pornchanok, 2007. "Site accessibility and prioritization of nature reserves," Ecological Economics, Elsevier, vol. 60(4), pages 763-773, February.
    5. Mark E. Lichtenstein & Claire A. Montgomery, 2003. "Biodiversity and Timber in the Coast Range of Oregon: Inside the Production Possibility Frontier," Land Economics, University of Wisconsin Press, vol. 79(1), pages 56-73.
    6. Hamaide, Bertrand & Albers, Heidi J. & Busby, Gwenlyn, 2014. "Backup coverage models in nature reserve site selection with spatial spread risk heterogeneity," Socio-Economic Planning Sciences, Elsevier, vol. 48(2), pages 158-167.
    7. Hamaide, Bertrand & ReVelle, Charles S. & Malcolm, Scott A., 2006. "Biological reserves, rare species and the trade-off between species abundance and species diversity," Ecological Economics, Elsevier, vol. 56(4), pages 570-583, April.
    8. Costello, Christopher & Polasky, Stephen, 2004. "Dynamic reserve site selection," Resource and Energy Economics, Elsevier, vol. 26(2), pages 157-174, June.
    9. Billionnet, Alain, 2013. "Mathematical optimization ideas for biodiversity conservation," European Journal of Operational Research, Elsevier, vol. 231(3), pages 514-534.
    10. Jafari, Nahid & Hearne, John, 2013. "A new method to solve the fully connected Reserve Network Design Problem," European Journal of Operational Research, Elsevier, vol. 231(1), pages 202-209.
    11. Hamaide, Bertrand & Sheerin, Jack, 2011. "Species protection from current reserves: Economic and biological considerations, spatial issues and policy evaluation," Ecological Economics, Elsevier, vol. 70(4), pages 667-675, February.
    12. Artti Juutinen & Mikko Mönkkönen, 2007. "Alternative targets and economic efficiency of selecting protected areas for biodiversity conservation in boreal forest," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(4), pages 713-732, August.
    13. Matthew Potts & Jeffrey Vincent, 2008. "Spatial distribution of species populations, relative economic values, and the optimal size and number of reserves," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 39(2), pages 91-112, February.
    14. Kangas, Johanna & Ollikainen, Markku, 2022. "A PES scheme promoting forest biodiversity and carbon sequestration," Forest Policy and Economics, Elsevier, vol. 136(C).
    15. Laxmi D. Bhatta & Sunita Chaudhary & Anju Pandit & Himlal Baral & Partha J. Das & Nigel E. Stork, 2016. "Ecosystem Service Changes and Livelihood Impacts in the Maguri-Motapung Wetlands of Assam, India," Land, MDPI, vol. 5(2), pages 1-14, June.
    16. Steven Stillman, 2005. "Examining Changes in the Value of Rural Land in New Zealand between 1989 and 2003," Urban/Regional 0509015, University Library of Munich, Germany.
    17. Nisse Goldberg & Russell L. Watkins, 2021. "Spatial comparisons in wetland loss, mitigation, and flood hazards among watersheds in the lower St. Johns River basin, northeastern Florida, USA," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 109(2), pages 1743-1757, November.
    18. Gren, Ing-Marie & Carlsson, Mattias, 2011. "Estimation of cost functions for preserving biodiversity in Swedish forests," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114596, European Association of Agricultural Economists.
    19. Soh, Moonwon & Cho, Seong-Hoon & Yu, Edward & Boyer, Christopher & English, Burton, 2018. "Targeting Payments for Ecosystem Services Given Ecological and Economic Objectives," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266502, Southern Agricultural Economics Association.
    20. Gren, Ing-Marie & Carlsson, Mattias, 2012. "Revealed payments for biodiversity protection in Swedish forests," Forest Policy and Economics, Elsevier, vol. 23(C), pages 55-62.

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea03:22189. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.