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Tradable Set-Aside Requirements (TSARs): Conserving Spatially Dependent Environmental Amenities

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  • Parkhurst, Gregory M
  • Shogren, Jason F
  • Crocker, Thomas
Abstract
In the lab, we examine the effectiveness of two land use conservation policies: a tradable set aside requirements (TSARs), and the TSARs combined with an agglomeration bonus. Evaluated by bioeconomic efficiency, our experimental results suggest: 1) TSARs is a cost-effective land conservation tool; and 2) combining TSARS with the agglomeration bonus increases habitat connectivity but at a price—lower economic efficiency.

Suggested Citation

  • Parkhurst, Gregory M & Shogren, Jason F & Crocker, Thomas, 2011. "Tradable Set-Aside Requirements (TSARs): Conserving Spatially Dependent Environmental Amenities," MPRA Paper 34555, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:34555
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    Cited by:

    1. Rommel, Jens & Anggraini, Eva, 2018. "Spatially explicit framed field experiments on ecosystem services governance," Ecosystem Services, Elsevier, vol. 34(PB), pages 201-205.
    2. François Bareille & Matteo Zavalloni & Davide Viaggi, 2023. "Agglomeration bonus and endogenous group formation," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(1), pages 76-98, January.
    3. Yan, Haiming & Yang, Huicai & Guo, Xiaonan & Zhao, Shuqin & Jiang, Qun'ou, 2022. "Payments for ecosystem services as an essential approach to improving ecosystem services: A review," Ecological Economics, Elsevier, vol. 201(C).
    4. Christian Langpap & Joe Kerkvliet & Jason F Shogren, 2018. "The Economics of the U.S. Endangered Species Act: A Review of Recent Developments," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 69-91.
    5. Drechsler, Martin, 2023. "Improving models of coordination incentives for biodiversity conservation by fitting a multi-agent simulation model to a lab experiment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 102(C).
    6. Cooke, Benjamin & Moon, Katie, 2015. "Aligning ‘public good’ environmental stewardship with the landscape-scale: Adapting MBIs for private land conservation policy," Ecological Economics, Elsevier, vol. 114(C), pages 152-158.
    7. Justin Dijk & Erik Ansink & Daan van Soest, 2017. "Buyouts and Agglomeration Bonuses in Wildlife Corridor Auctions," Tinbergen Institute Discussion Papers 17-036/VIII, Tinbergen Institute.
    8. Drechsler, Martin & Wätzold, Frank & Grimm, Volker, 2022. "The hitchhiker's guide to generic ecological-economic modelling of land-use-based biodiversity conservation policies," Ecological Modelling, Elsevier, vol. 465(C).
    9. Vogdrup-Schmidt, Mathias & Abatayo, Anna Lou & Shogren, Jason F. & Strange, Niels & Thorsen, Bo Jellesmark, 2019. "Factors Affecting Support for Transnational Conservation Targeting Migratory Species," Ecological Economics, Elsevier, vol. 157(C), pages 156-164.
    10. Martin Drechsler, 2022. "On the Cost-Effective Temporal Allocation of Credits in Conservation Offsets when Habitat Restoration Takes Time and is Uncertain," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 437-459, June.
    11. Nguyen, Chi & Latacz-Lohmann, Uwe & Hanley, Nick & Schilizzi, Steven & Iftekhar, Sayed, 2022. "Spatial Coordination Incentives for landscape-scale environmental management: A systematic review," Land Use Policy, Elsevier, vol. 114(C).
    12. Drechsler, Martin, 2021. "On the cost-effective temporal allocation of credits in conservation offsets when habitat restoration takes takes time and is uncertain," MPRA Paper 108209, University Library of Munich, Germany.

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    More about this item

    Keywords

    Conservation; tradable development rights; spatial conservation; market instruments;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • Q27 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Issues in International Trade

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