Leroux, Anke D.; Martin, Vance L.; Goeschl, Timo - In: Journal of Environmental Economics and Management 58 (2009) 1, pp. 43-57
Optimal conversion defines rules that determine the rate at which land is irreversibly moved out of conservation into production. What are the implications on these rules of allowing for a feedback between conversion decisions and the stochasticity of conservation benefits? We address this...