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

Ruiqing Miao, Hongli Feng, David Hennessy, Gaurav Arora and Charles R. Loesch

No 316531, 2023 Allied Social Sciences Association (ASSA) Annual Meeting, January 6-8, 2023, New Orleans, Louisiana from Agricultural and Applied Economics Association

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.

Keywords: Environmental Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
Pages: 43
Date: 2022-01
New Economics Papers: this item is included in nep-env
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Citations: View citations in EconPapers (1)

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https://ageconsearch.umn.edu/record/316531/files/Miao_Elbakidze%20Manuscript.pdf (application/pdf)

Related works:
Working Paper: Grassland Easement Acquisition: Conversion Hazard Rate, Additionality, and Spatial Spillover (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:assa23:316531

DOI: 10.22004/ag.econ.316531

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