EconPapers    
Economics at your fingertips  
 

The Effect of Conservation Priority Areas on Bidding Behavior in the Conservation Reserve Program

Keri Jacobs (), Walter N. Thurman and Michele C. Marra

Land Economics, 2014, vol. 90, issue 1, 1-25

Abstract: We explore how a landowner’s bid to enroll in the Conservation Reserve Program (CRP) is influenced by his parcel’s designation as a Conservation Priority Area (CPA). A theoretical model of a landowner’s optimal bid is presented, and we demonstrate the ambiguity in a landowner’s optimal bid response to CPA designations. The bid choice is analyzed using a data set of accepted and unaccepted offers during three CRP sign-up periods. We focus empirically on a subset of offers from the Prairie Pothole CPA to identify whether bid responses to exogenous location factors differ across landowners with varying opportunity costs to enrollment.

JEL-codes: Q15 Q18 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://le.uwpress.org/cgi/reprint/90/1/1
A subscripton is required to access pdf files. Pay per article is available.

Related works:
Working Paper: The Effect of Conservation Priority Areas on Bidding Behavior in the Conservation Reserve Program (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:90:y:2014:i:1:p:1-25

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().

 
Page updated 2021-11-15
Handle: RePEc:uwp:landec:v:90:y:2014:i:1:p:1-25