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Multiple-Knapsack Optimization in Land Conservation: Results from the First Cost-effective Conservation Program in the United States

Author

Listed:
  • Kent D. Messer
  • Maik Kecinski
  • Xing Tang
  • Robert H. Hirsch IV

Abstract

Conservation groups often piece together their parcel selections by combining funds from multiple sources. When applying multiple-knapsack optimization, substantial increases in conservation benefits, acreage, and number of parcels preserved can be achieved. Specifically, we show that multiple-knapsack optimization substantially outperforms benefit targeting, cost-effectiveness analysis, and sequential binary integer programming. This study uses data from the first known cost-effective land conservation program in the United States—in Baltimore County, Maryland—and shows that multiple-knapsack optimization can deliver additional benefits.

Suggested Citation

  • Kent D. Messer & Maik Kecinski & Xing Tang & Robert H. Hirsch IV, 2016. "Multiple-Knapsack Optimization in Land Conservation: Results from the First Cost-effective Conservation Program in the United States," Land Economics, University of Wisconsin Press, vol. 92(1), pages 117-130.
  • Handle: RePEc:uwp:landec:v:92:y:2016:i:1:p:117-130
    Note: DOI: 10.3368/le.92.1.117
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    File URL: http://le.uwpress.org/cgi/reprint/92/1/117
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    Cited by:

    1. 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.

    More about this item

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land

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