Besides climate change mitigation, policies encouraging the conversion of agricultural land to forest may generate additional environmental benefits. We estimate the reductions in agricultural externalities (soil erosion, nitrogen, and atrazine pollution) from an afforestation program in...

We investigate the influence of future land development on current agricultural land values. From a theoretical model of land markets, we derive a reduced-form expression for agricultural land values in terms of observable variables. This result dictates the specification of our econometric...

A simple theoreticalmodel of a tim- consist ing of Faustmann rotations evalubermarket finds that there exists a rational expecta- ated at the mean of the price process. tions equilibrium in which prices evolve according The central question addressed in this to a stationary A R (1)...

This paper estimates the effects of reduce water quality, and pollute, disturb open space and other amenities on housing prices or destroy natural habitats for wildlife. and development density in Portland, Oregon, Open space takes many forms. City within the framework of an urban equilibrium...

This paper develops a theoretical model to analyze the spatial targeting of incentives for the restoration of forested landscapes when wildlife habitat can be enhanced by reducing fragmentation. The key theoretical result is that the marginal net benefits of increasing forest are convex,...

Land-use changes involve important economic and environmental effects with implications for international trade, global climate change, wildlife, and other policy issues. We use an econometric model to identify factors driving land-use change in the United States between 1982 and 1997. We...

The use of public lands and waterways is often subject to environmental regulations designed to limit the depletion of resource stocks. Such regulations may influence expectations of quality, destination choice, and consumer surplus. This paper examines the effects of environmental regulations...

This paper analyzes the effect of open space and other amenities on housing prices and development density within the framework of an urban equilibrium model. The model is estimated as a system of equations that includes households' residential choice decisions and developers' development...

Forest fragmentation is a primary threat to terrestrial biodiversity. We combine a parcel-level econometric model of land-use transitions with spatially-explicit landscape simulations to predict the empirical distribution of fragmentation outcomes under given market conditions and policy...

This article develops a theoretical model to analyze the spatial targeting of incentives for the restoration of forested landscapes when wildlife habitat can be enhanced by reducing fragmentation. The key theoretical result is that the marginal net benefits of increasing forest can be convex, in...