land economics

This paper jointly models a landowner's decision to develop a parcel and the option to enroll that parcel in a current use assessment program. The analytical results highlight different factors that influence the effectiveness of a current use program in delaying development. The results also underscore the difficulty a local government might have in influencing the behavior of the landowner.

Economists increasingly face opportunities to collaborate with ecologists on landscape-level analyses of socioeconomic and ecological processes. This often calls for developing empirical models to project land use change as input into ecological models. Providing ecologists with the land use information they desire can present many challenges regarding data, modeling, and econometrics.

As many local and state governments in the United States grapple with increasing growth pressures, the need to understand the economic and institutional factors underlying these pressures has taken on added urgency.

Using a unique spatial database, a hedonic model is developed to estimate the value to nearby residents of open space purchased through agricultural preservation programs in three Maryland counties.

This paper analyzes in three contexts the effects of changing economic conditions and varying economic perspectives on the way land is considered in economic doctrine. The first considers agricultural land use where agriculture is connected to the rest of the economy exclusively through input and commodity markets, and when all other parts of the economy are assumed to remain constant.

Land-use conflicts highlight several myths about property rights. The central myth is that property rights are linked to natural rights, that property rights are durable and unchanging, and that any interference with these property rights requires public compensation.

Competing risks survival analysis is used to investigate tax and zoning policy impacts on residential, commercial, and industrial development timing in a rapidly growing Midwestern county. Industrial development appears both to precede and occur concurrently with residential development, while commercial development follows other types.

We use the location set covering problem to define a natural area site selection model for use in the Chicago region. This framework allows us to explicitly consider the equity of site distribution by stipulating that each population center has access to a recreational space within a specified distance.

In the 1990's, urban demand for housing land around city-agglomerations increased rapidly. Additionally, the decreasing profitability of agricultural production caused farmers, who are able to freely decide on land turnover, to be interested in land sale for non-agricultural purposes.

At the beginning of the transition, the economic decline of agriculture partially relaxed the pressure on the wildlife. However, the policy continued to concentrate on regulating the intensity of production rather then creating incentives to produce environmental qualities.

We conduct a national-scale study of the determinants of agricultural land values to better understand how current farmland prices are influenced by the potential for future land development. The theoretical basis for the empirical analysis is a spatial city model with stochastic returns to future land development.

Newer residents of rural, urban-fringe communities are often assumed to have preferences for the development and conservation of rural lands that differ from those of longer-term residents. The existing literature offers little to verify or quantify presumed preference shifts.