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Temporal spillovers occur when a conservation program changes what happens to land outside the temporal window of the conservation contract.
In many parts of the world, deteriorating environmental conditions have led policy makers to develop policies and programs aimed at promoting conservation practices on lands devoted to agriculture.
The dominant paradigm of conservation-reserve planning in economics is to optimize the provision of physical conservation benefits (measured in units like species protected) given a budget constraint.
Purchasing development rights is a major mechanism for the protection of environmental quality and landscape amenities. This paper provides a targeting strategy for protecting multiple environmental benefits that takes into account land costs and probability of land use conversion.
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