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date: 24 January 2022

Abstract and Keywords

Econometric-based landscape simulation models help to identify the nature and extent of market failure problems associated with terrestrial biodiversity and to quantify the effects of corrective land use policies. This article reviews the literature on econometric-based landscape simulation models and describes four important methodological challenges that analysts face with these models: (1) representing variation in private economic returns to land at the same scale at which land use varies, (2) modeling the private information that landowners possess about the returns to their land, (3) accounting for land use intensity, and (4) recognizing the probabilistic nature of the land use transition rules derived from econometric analysis. Ways to overcome these challenges are proposed, and directions for future research are explored.

Keywords: biodiversity, market failure, land use, land use policies, econometric analysis, landscape simulations, land use intensity

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