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Habitat and Open Space at Risk of Land‐Use Conversion: Targeting Strategies for Land Conservation
Author(s) -
Newburn David A.,
Berck Peter,
Merenlender Adina M.
Publication year - 2006
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1111/j.1467-8276.2006.00837.x
Subject(s) - easement , land use , space (punctuation) , land use, land use change and forestry , environmental resource management , business , environmental science , natural resource economics , economics , computer science , ecology , political science , law , biology , operating system
Funds available to purchase land and easements for conservation purposes are limited. This article provides a targeting strategy for protecting multiple environmental benefits that includes heterogeneity in land costs and probability of land‐use conversion, by incorporating spatially explicit land‐use change and hedonic price models. This strategy is compared to two alternative strategies that omit either land cost or conversion threat. Based on dynamic programming and Monte Carlo simulations with alternating periods of conservation and development, we demonstrate that the positive correlation between land costs and probability of land‐use conversion affects targeting efficiency using parcel data from Sonoma County, California.