Chad Fiechter, Binayak Kunwar, Guy Tchuente
arXiv 15 Nov 2024 · Econometrics
arXiv:2411.10600 · PDF · DOI · OpenAlex · Extracted main text
This study examines the impact of monetary factors on the conversion of farmland to renewable energy generation, specifically solar and wind, in the context of expanding U.S. energy production. We propose a new econometric method that accounts for the diverse circumstances of landowners, including their unordered alternative land use options, non-monetary benefits from farming, and the influence of local regulations. We demonstrate that identifying the cross elasticity of landowners' farming income in relation to the conversion of farmland to renewable energy requires an understanding of their preferences. By utilizing county legislation that we assume to be shaped by land-use preferences, we estimate the cross-elasticities of farming income. Our findings indicate that monetary incentives may only influence landowners' decisions in areas with potential for future residential development, underscoring the importance of considering both preferences and regulatory contexts.
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The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Kirkeboen, L. J., E. Leuven, and M. Mogstad (2016) Field of study, earnings, and self-selection | 0.811 | 4 | 2 | 100% |
| 2 | Bergman, N. K., R. Iyer, and R. T. Thakor (2020) The effect of cash injections: Evidence from the 1980s farm debt crisis | 0.644 | 2 | 2 | 100% |
| 3 | Imbens, G. W. and J. D. Angrist (1994) Identification and estimation of local average treatment effects | 0.644 | 2 | 2 | 100% |
| 4 | Schlenker, W. and M. J. Roberts (2009) Nonlinear temperature effects indicate severe damages to us crop yields under climate change | 0.644 | 2 | 2 | 100% |
| 5 | Heckman, J. J. and R. Pinto (2018) Unordered monotonicity | 0.585 | 3 | 1 | 100% |
| 6 | Lubowski, R. N., A. J. Plantinga, and R. N. Stavins (2008) What drives land-use change in the united states? a national analysis of landowner decisions | 0.585 | 3 | 1 | 100% |
| 7 | Weise, E. and S. Bhat (2024) Across america, clean energy plants are being banned faster than they're being built | 0.511 | 2 | 1 | 100% |
| 8 | Adjei, E., J. Zhang, W. Sawadgo, and W. Li (2024) Nonlinear effects of conservation reserve program rental rates on land enrollment under varying crop price regimes | 0.405 | 1 | 1 | 100% |
| 9 | Babcock, B. A (2015) Extensive and intensive agricultural supply response | 0.405 | 1 | 1 | 100% |
| 10 | Bhuller, M. and H. Sigstad (2024) 2sls with multiple treatments | 0.405 | 1 | 1 | 100% |
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