Private land-use decisions can have profound effects
on ecosystem services, wildlife habitat, aesthetics,
and the carbon cycle. Voluntary market-based
incentives to regulate land use have the potential
to bring about a more socially optimal use of land.
An implementation of these policies in the Rocky
Mountain States requires an understanding of the
effects of private profits on landowner choices.
Econometric modeling is challenging in this region
due to a heterogeneous land base, but is essential
to understand the potential impacts of market-based
incentives for land use changes. Land-use
incentives could be a powerful tool in meeting
carbon sequestration or other environmental needs.
on ecosystem services, wildlife habitat, aesthetics,
and the carbon cycle. Voluntary market-based
incentives to regulate land use have the potential
to bring about a more socially optimal use of land.
An implementation of these policies in the Rocky
Mountain States requires an understanding of the
effects of private profits on landowner choices.
Econometric modeling is challenging in this region
due to a heterogeneous land base, but is essential
to understand the potential impacts of market-based
incentives for land use changes. Land-use
incentives could be a powerful tool in meeting
carbon sequestration or other environmental needs.