Jacobs, Keri L.; Thurman, Walter N.; Marra, Michele C. - In: Land Economics 90 (2014) 1
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...