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Replaced with revised version of paper 07/19/11.
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We explore how a landowner’s bid to enroll in the Conservation Reserve Program (CRP) is influenced by his parcel’s designation as a Conservation Priority Area (CPA). A theoretical model of a landowner’s optimal bid is presented, and we demonstrate the ambiguity in a landowner’s optimal...
Persistent link: https://www.econbiz.de/10010896676
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