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

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

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.

Suggested Citation

  • Miao, Ruiqing & Feng, Hongli & Hennessy, David A. & Arora, Gaurav & Loesch, Charles R., 2022. "Grassland Easement Acquisition: Conversion Hazard Rate, Additionality, and Spatial Spillover," 2022 Allied Social Sciences Association (ASSA) Annual Meeting (Virtual), January 7-9, 2022 316531, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:assa22:316531
    DOI: 10.22004/ag.econ.316531
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    1. David Zilberman, 1996. "The Economics of a Public Fund for Environmental Amenities: A Study of CRP Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 961-971.
    2. Lawley, Chad & Yang, Wanhong, 2015. "Spatial interactions in habitat conservation: Evidence from prairie pothole easements," Journal of Environmental Economics and Management, Elsevier, vol. 71(C), pages 71-89.
    3. Claassen, Roger & Savage, Jeff & Loesch, Chuck & Breneman, Vince & Williams, Ryan & Mulvaney, Bill & Fairbanks, Tammy, 2017. "Additionality in Grassland Easements to Provide Migratory Bird Habitat in the Northern Plains," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 42(3), September.
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    6. Simanti Banerjee, 2018. "Improving Spatial Coordination Rates under the Agglomeration Bonus Scheme: A Laboratory Experiment with a Pecuniary and a Non-Pecuniary Mechanism (NUDGE)," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 100(1), pages 172-197.
    7. Babcock, Bruce A. & Lakshminarayan, P. G. & Wu, JunJie & Zilberman, David, 1996. "Economics of a Public Fund for Environmental Amenities (The)," Staff General Research Papers Archive 1065, Iowa State University, Department of Economics.
    8. Adina M. Merenlender, 2006. "Habitat and Open Space at Risk of Land-Use Conversion: Targeting Strategies for Land Conservation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(1), pages 28-42.
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    Cited by:

    1. Molina, Renato & Costello, Christopher & Kaffine, Daniel, 2024. "Sharing and expanding the co-benefits of conservation," Ecological Economics, Elsevier, vol. 218(C).

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    Environmental Economics and Policy; Land Economics/Use;

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