The thesis contains three essays in the field of environmental policy. In the first paper, we study the relationship between the agri-environmental payments for farmers and wildlife. The effects of EU agri-environmental programs (AEPs) on the environment have been mixed. Spending on AEPs has...

Public agencies often rely on their power of compulsory acquisition of privately owned land when it comes to procuring land for large infrastructure projects. Over the years, the process of compulsory acquisition has evolved to compensate the affected landowners better, to the extent of paying...

This paper explores a model in which large transitory financial shocks can generate persistent slumps in output, land prices, and interest rate. The propagation originates from high sensitivity of land prices with respect to fundamental, which is achieved by a land consumption channel that...