We specify a system of equations that fully reflects the supply and demand sides of the market for agricultural open space at equilibrium. Although simple, the system is exceedingly flexible and allows for household and parcel heterogeneity. We derive an empirical model directly from the...

Establishing protected areas (national parks together with wildlife sanctuaries) in North Thailand did not reduce the likelihood of forest clearing, but wildlife sanctuaries may have reduced the probability of deforestation. Where new roads are located affects how much of a threat they are to...