The Effect of Conservation Priority Areas on Bidding Behavior in the Conservation Reserve Program
研究了美国保护储备计划中，土地是否被划为保护优先区域如何影响土地所有者的投标行为，发现这种影响存在不确定性，并利用草原坑洞地区的数据分析了不同机会成本的土地所有者对区位因素的投标反应差异。
We explore how a landowner’s bid to enroll in the Conservation Reserve Program (CRP) is influenced by his parcel’s designation as a Conservation Priority Area (CPA). A theoretical model of a landowner’s optimal bid is presented, and we demonstrate the ambiguity in a landowner’s optimal bid response to CPA designations. The bid choice is analyzed using a data set of accepted and unaccepted offers during three CRP sign-up periods. We focus empirically on a subset of offers from the Prairie Pothole CPA to identify whether bid responses to exogenous location factors differ across landowners with varying opportunity costs to enrollment. <i></i>