In this paper stochastic dynamic programming is used to investigate habitat conservation by a multitude of landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion under competition on the market for agricultural products when...

In this paper stochastic dynamic programming is used to investigate habitat conservation by a multitude of landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion under competition on the market for agricultural products when...

The law governing termination of donated conservation easements generally and appropriately discourages termination. Among the requirements is a judicial finding that it is impossible or impracticable to meet the purposes of the easement. Climate change and other large scale ecological events...