IDEAS home Printed from https://ideas.repec.org/p/ags/rffdps/10587.html
   My bibliography  Save this paper

The Law and Economics of Habitat Conservation: Lessons from an Analysis of Easement Acquisitions

Author

Listed:
  • Boyd, James
  • Caballero, Kathryn
  • Simpson, R. David

Abstract

There is a growing interest in incentive-based policies to motivate conservation by landowners. These policies include full- and partial-interest land purchases, tax-based incentives, and tradable or bankable development rights. Using legal and economic analysis, the paper explores potential pitfalls associated with the use of such policies. Incentive-based policies promise to improve the cost effectiveness of habitat preservation, but only if long-run implementation issues are meaningfully addressed. While we compare conservation policies, particular attention is devoted to the use of conservation easements and in particular a set of easement contracts and transactions in the state of Florida. The easement analysis highlights the importance of conservation policies' interactions with property markets, land management practices, and bureaucratic incentives. Specific challenges include difficulties associated with the long-term enforcement and monitoring of land use restrictions, the lack of market prices as indicators of value for appraisal, and the way in which incentives target specific properties for protection.

Suggested Citation

  • Boyd, James & Caballero, Kathryn & Simpson, R. David, 1999. "The Law and Economics of Habitat Conservation: Lessons from an Analysis of Easement Acquisitions," Discussion Papers 10587, Resources for the Future.
    • Handle: RePEc:ags:rffdps:10587
    DOI: 10.22004/ag.econ.10587
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/10587/files/dp990032.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.10587?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:

    Citations

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


    Cited by:

    1. Kathryn Anderson & Diana Weinhold, 2005. "Do Conservation Easements Reduce Land Prices? The Case of South Central Wisconsin," Urban/Regional 0506001, University Library of Munich, Germany.
    2. Deacon, Robert T. & Parker, Dominic P., 2009. "Encumbering harvest rights to protect marine environments: a model of marine conservation easements," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(1), pages 1-22.
    3. Pam Guiling & B. Wade Brorsen & Damona Doye, 2009. "Effect of Urban Proximity on Agricultural Land Values," Land Economics, University of Wisconsin Press, vol. 85(2), pages 252-264.
    4. Ruliffson, Jane A. & Haight, Robert G. & Gobster, Paul H. & Homans, Frances R., 2001. "Exploring Goal Tradeoffs In Metropolitan Natural Area Protection," 2001 Annual meeting, August 5-8, Chicago, IL 20642, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. 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.
    6. Parker, Dominic P. & Thurman, Walter N., 2004. "Crowding Out Open Space: The Effects Of Federal Land Programs On Land Trust Activity," 2004 Annual meeting, August 1-4, Denver, CO 20190, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Anderson, Kathryn & Weinhold, Diana, 2008. "Valuing future development rights: The costs of conservation easements," Ecological Economics, Elsevier, vol. 68(1-2), pages 437-446, December.
    8. Polasky, Stephen & Costello, Christopher & Solow, Andrew, 2005. "The Economics of Biodiversity," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 29, pages 1517-1560, Elsevier.

    More about this item

    Keywords

    Environmental 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:rffdps:10587. 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.

    We have no bibliographic references for this item. You can help adding them by using 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/rffffus.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.