Gulati, Sumeet; Vercammen, James - In: Canadian Journal of Agricultural Economics/Revue … 53 (2005) 4, pp. 359-373
"In this paper, we present the economic determinants of the optimal length of a carbon offset contract. We find that because of a declining capacity of the soil to sequester carbon, the optimal length of the carbon contract is finite (the marginal benefit of remaining in the contract is...