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- Title
Efficient Policies for Environmental Protection: An Econometric Analysis of Incentives for Land Conversion and Retention.
- Authors
Plantinga, Andrew J.; Ahn, SoEun
- Abstract
This study investigates the costs of subsidies for land retention and conversion, in addition to a policy that combines these incentives. A Markov model of forest and agricultural land use is estimated for the U.S. South Central region and used to simulate retention and conversion policies. Results suggest a conversion policy is less costly for increasing forest area, and a retention policy is less costly for increasing agricultural land area. The costs of separate subsidies can be up to 300% higher than the costs of combined incentives. However, when administrative costs are taken into account, conversion policies are likely to be less costly.
- Subjects
LAND use; LAND economics; MARKOV processes; AGRICULTURAL policy; AGRICULTURAL productivity; AGRICULTURAL economics
- Publication
Journal of Agricultural & Resource Economics, 2002, Vol 27, Issue 1, p128
- ISSN
1068-5502
- Publication type
Article