Folders: ROOT > ScienceBase Catalog > National and Regional Climate Adaptation Science Centers > North Central CASC > FY 2015 Projects > Informing the Identification of Economically Effective Targets for Grassland Conservation in the Dakotas ( Show direct descendants )
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ROOT _ScienceBase Catalog __National and Regional Climate Adaptation Science Centers ___North Central CASC ____FY 2015 Projects _____Informing the Identification of Economically Effective Targets for Grassland Conservation in the Dakotas Filters
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Categories: Publication;
Types: Citation;
Tags: Data Visualization & Tools,
Grasslands and Plains,
Landscapes,
North Central CASC,
Science Tools For Managers,
We develop an analytical framework to examine an agency's optimal grassland easement acquisition while accounting for landowners’ optimal decisions under uncertainty in both conversion and conservation returns. We derive the value of “wait and see” (i.e., neither convert nor ease grassland) for landowners and find that grassland-to-cropland conversion probability and easement value vary in opposing directions when “wait and see” is preferred, indicating that a larger conversion probability does not necessarily imply a higher easement value. Our analysis shows that when conservation funds can be flexibly allocated across periods then the agency's optimal acquisition can be readily achieved by sorting land tracts...
Categories: Publication;
Types: Citation
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