Targeting conservation investments in heterogeneous landscapes: A distance-function approach and application to watershed management

Targeting conservation investments in heterogeneous landscapes: A distance-function approach and application to watershed management

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Article ID: iaor2006149
Country: United States
Volume: 86
Issue: 4
Start Page Number: 905
End Page Number: 918
Publication Date: Nov 2004
Journal: American Journal of Agricultural Economics
Authors:
Keywords: information, geography & environment, water
Abstract:

To achieve an environmental objective at least cost, decision makers must integrate information about spatially variable biophysical and economic conditions. Although the biophysical attributes that contribute to an environmental outcome are often known, the way in which these attributes interact to produce the outcome is often unknown. We introduce a nonparametric conservation targeting approach that relies on distance functions to cost-efficiently allocate conservation funds. We apply the approach empirically to the case of conservation contracting for water-quality objectives. The control portfolios derived from the application have many desirable properties, including intuitive appeal and robust performance across plausible parametric scoring measures.

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