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Department of Agricultural Economics, Kiel University, Olshausenstraße 40, D-24098 Kiel, Germany. Email: [email protected]

Center for Environmental Economics and Policy, The University of Western Australia; 35 Stirling Highway, Crawley WA 6009, Australia. Email: [email protected]

Department of Agricultural Economics, Kiel University, Germany; Olshausenstraße 40, D-24098 Kiel, Germany. Email: [email protected]

Department of Agricultural and Resource Economics, The University of Western Australia; 35 Stirling Highway, Crawley WA 6009, Australia

aDepartment of Economics, College of Saint Benedict/Saint John’s University, 37 S College Avenue, Saint Joseph, MN, 56374, USA, email:

bUniversité Laval, École Supérieure d’Aménagement et de Développement (ÉSAD), Québec, QC G1V 0A6, Canada. Phone number: 418 656-2131, email:

cDepartment of Earth & Environment, Department of Economics, and Institute of Environment, Florida International University (FIU), AHC5-370, University Park Campus, FIU, 11200 SW 8th Street, Miami, FL 33199, USA. Phone number: 305-348-7146, email:

dDepartment of Economics, University of Bern, Hochschulstrasse 6, 3012 Bern, Switzerland. Phone number: +41 31 684 56 35, email:

eDepartment of Economics, University of Birmingham, Birmingham, B15 2TT United Kingdom. email:

Department of Economics, Rutgers University,

Dyson School of Applied Economics and Management, Cornell University, Ithaca, New York;

National University of Singapore, Singapore;

Department of Land Management, Zhejiang University, Hangzhou, China;