Wildlife management agencies increasingly use economic analyses to improve the efficiency of their management policies. Few economic studies consider supply-side analyses for wildlife management, due, in part, to a lack of biological response data that capture the full range of management...

In this paper, we study the social efficiency of private carbon markets that include trading in agricultural soil carbon sequestration when there are significant co-benefits (positive environmental externalities) associated with the practices that sequester carbon. Likewise, we investigate the...

Habitat fragmentation is widely considered a primary threat to biodiversity. This paper develops a theoretical model of land use to analyze the optimal conservation of landscapes when land quality is spatially heterogeneous and wildlife habitat is fragmented and socially valuable. When...

This paper examines the causes of spatial inequalities in economic development across rural America. A theoretical model is developed to analyze interactions between location decisions of firms and households as they are affected by natural endowments, accumulated human and physical capital, and...

This paper quantifies the effects of the Conservation Reserve Program (CRP) on farmland and developed land prices. Results show that the CRP increases farmland and developed land prices by 1.8% and 0.6%, respectively, on national average, with the largest increases in the Mountain, Southern...