Ma, Xianlei; Wesseler, Justus; Heerink, Nico; Qu, Futian - In: Review of Economics & Finance 3 (2013) August, pp. 19-33
Land conservation investments can make an important contribution to avoidance and mitigation of land degradation. Lack of tenure security and land transferability may, however, limit the extent to which farmers undertake such investments. Using real option value theory, this paper investigates...