IDEAS home Printed from https://ideas.repec.org/p/ags/assa22/316531.html
   My bibliography  Save this paper

Grassland Easement Acquisition: Conversion Hazard Rate, Additionality, and Spatial Spillover

Author

Listed:
  • Miao, Ruiqing
  • Feng, Hongli
  • Hennessy, David A.
  • Arora, Gaurav
  • Loesch, Charles R.

Abstract

This study investigates the roles of additionality of environmental benefits and spatial spillover effect of grassland conversion in determining the optimal grassland easement acquisitions. The preliminary results indicate that when conversion hazard rate is large then considering additionality and spatial spillover does not secure much additional environmental benefit than does ignoring additionality or spatial spillover. The study further explores the performance of three environmental benefit targeting strategies as well as three heuristic optimization algorithms in terms of securing environmental benefits via easement acquisition.

Suggested Citation

  • Miao, Ruiqing & Feng, Hongli & Hennessy, David A. & Arora, Gaurav & Loesch, Charles R., 2022. "Grassland Easement Acquisition: Conversion Hazard Rate, Additionality, and Spatial Spillover," 2022 Allied Social Sciences Association (ASSA) Annual Meeting (Virtual), January 7-9, 2022 316531, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:assa22:316531
    DOI: 10.22004/ag.econ.316531
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/316531/files/Miao_Elbakidze%20Manuscript.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.316531?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
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. David Zilberman, 1996. "The Economics of a Public Fund for Environmental Amenities: A Study of CRP Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 961-971.
    2. Lawley, Chad & Yang, Wanhong, 2015. "Spatial interactions in habitat conservation: Evidence from prairie pothole easements," Journal of Environmental Economics and Management, Elsevier, vol. 71(C), pages 71-89.
    3. Claassen, Roger & Savage, Jeff & Loesch, Chuck & Breneman, Vince & Williams, Ryan & Mulvaney, Bill & Fairbanks, Tammy, 2017. "Additionality in Grassland Easements to Provide Migratory Bird Habitat in the Northern Plains," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 42(3), September.
    4. Costello, Christopher & Polasky, Stephen, 2004. "Dynamic reserve site selection," Resource and Energy Economics, Elsevier, vol. 26(2), pages 157-174, June.
    5. C. R. Margules & R. L. Pressey, 2000. "Systematic conservation planning," Nature, Nature, vol. 405(6783), pages 243-253, May.
    6. Simanti Banerjee, 2018. "Improving Spatial Coordination Rates under the Agglomeration Bonus Scheme: A Laboratory Experiment with a Pecuniary and a Non-Pecuniary Mechanism (NUDGE)," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 100(1), pages 172-197.
    7. Babcock, Bruce A. & Lakshminarayan, P. G. & Wu, JunJie & Zilberman, David, 1996. "Economics of a Public Fund for Environmental Amenities (The)," Staff General Research Papers Archive 1065, Iowa State University, Department of Economics.
    8. Adina M. Merenlender, 2006. "Habitat and Open Space at Risk of Land-Use Conversion: Targeting Strategies for Land Conservation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(1), pages 28-42.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Molina, Renato & Costello, Christopher & Kaffine, Daniel, 2024. "Sharing and expanding the co-benefits of conservation," Ecological Economics, Elsevier, vol. 218(C).

    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. Ruiqing Miao & Hongli Feng & David A. Hennessy & Gaurav Arora & Charles R. Loesch, 2023. "Grassland easement acquisition: Conversion hazard rate, additionality, spatial spillover, and heuristics," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(2), pages 928-946, June.
    2. Wang, Haoluan, 2017. "Land Conservation for Open Space: The Impact of Neighbors and the Natural Environment," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258125, Agricultural and Applied Economics Association.
    3. Lewis, David J. & Plantinga, Andrew J. & Nelson, Erik & Polasky, Stephen, 2011. "The efficiency of voluntary incentive policies for preventing biodiversity loss," Resource and Energy Economics, Elsevier, vol. 33(1), pages 192-211, January.
    4. Parker, Dominic P. & Thurman, Walter N., 2016. "Tax Incentives and the Price of Conservation," CEnREP Working Papers 264977, North Carolina State University, Department of Agricultural and Resource Economics.
    5. Dissanayake, Sahan T.M. & Önal, Hayri, 2011. "Amenity driven price effects and conservation reserve site selection: A dynamic linear integer programming approach," Ecological Economics, Elsevier, vol. 70(12), pages 2225-2235.
    6. Boyd, James & Epanchin-Niell, Rebecca & Siikamaki, Juha, 2012. "Conservation Return on Investment Analysis: A Review of Results, Methods, and New Directions," RFF Working Paper Series dp-12-01, Resources for the Future.
    7. Newburn, David A. & Berck, Peter & Merenlender, Adina, 2004. "Spatial Targeting Strategies For Land Conservation," 2004 Annual meeting, August 1-4, Denver, CO 20206, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Pengfei Liu, 2021. "Balancing Cost Effectiveness and Incentive Properties in Conservation Auctions: Experimental Evidence from Three Multi-award Reverse Auction Mechanisms," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(3), pages 417-451, March.
    9. Ruiqing Miao & David A. Hennessy & Hongli Feng, 2022. "Grassland easement evaluation and acquisition with uncertain conversion and conservation returns," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 70(1), pages 41-61, March.
    10. Legras, Sophie & Martin, Elsa & Piguet, Virginie, 2018. "Conjunctive Implementation of Land Sparing and Land Sharing for Environmental Preservation," Ecological Economics, Elsevier, vol. 143(C), pages 170-187.
    11. Hongli Feng & Catherine L. Kling & Lyubov A. Kurkalova & Silvia Secchi & Philip W. Gassman, 2005. "The Conservation Reserve Program in the Presence of a Working Land Alternative: Implications for Environmental Quality, Program Participation, and Income Transfer," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(5), pages 1231-1238.
    12. Wu, JunJie & Zilberman, David & Babcock, Bruce A., 2001. "Environmental and Distributional Impacts of Conservation Targeting Strategies," Journal of Environmental Economics and Management, Elsevier, vol. 41(3), pages 333-350, May.
    13. 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.
    14. 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.
    15. Yang, Wanhong & Khanna, Madhu & Farnsworth, Richard & Onal, Hayri, 2003. "Integrating economic, environmental and GIS modeling to target cost effective land retirement in multiple watersheds," Ecological Economics, Elsevier, vol. 46(2), pages 249-267, September.
    16. Jens Leth Hougaard & Kurt Nielsen & Athanasios Papakonstantinou, 2012. "A Simple Multi-attribute Yardstick Auction Without Prior Scoring," MSAP Working Paper Series 02_2012, University of Copenhagen, Department of Food and Resource Economics.
    17. Eppink, Florian V. & van den Bergh, Jeroen C.J.M., 2007. "Ecological theories and indicators in economic models of biodiversity loss and conservation: A critical review," Ecological Economics, Elsevier, vol. 61(2-3), pages 284-293, March.
    18. Cho, Seong-Hoon & Soh, Moonwon & English, Burton C. & Yu, T. Edward & Boyer, Christopher N., 2019. "Targeting payments for forest carbon sequestration given ecological and economic objectives," Forest Policy and Economics, Elsevier, vol. 100(C), pages 214-226.
    19. Wanhong Yang & Madhu Khanna & Richard Farnsworth & Hayri Önal, 2005. "Is Geographical Targeting Cost-Effective? The Case of the Conservation Reserve Enhancement Program in Illinois," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 27(1), pages 70-88.
    20. Phillip Hone & Geoff Edwards & lain Fraser, 1999. "Agricultural Land Retirement and Biodiversity Policy," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 6(3), pages 211-224.

    More about this item

    Keywords

    Environmental Economics and Policy; Land Economics/Use;

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:assa22:316531. 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.