One of the key challenges in designing agri-environmental schemes targeted at conservation is the determination of the amount of financial resources that should be allocated towards a particular aim such as the conservation of an endangered species. Economists can contribute to an answer by...

This paper is concerned with the cost-effective allocation of habitat for species under spatio-temporally heterogeneous economic development. To address the dynamic dimension of the problem we consider tradable development rights as the instrument of choice. A particular challenge in applying...