MANAGING PUBLIC AND PRIVATE LAND THROUGH PARTIAL INTERESTS
As property rights concerns grow along with budget pressures, government agencies charged with balancing resource policy objectives need to consider institutional alternatives to regulation and land purchase. This paper examines how public agencies participate in markets for partial interests in public and private land as a means of influencing resource use and conservation. The paper also reviews the application of real option theory to the valuation of conservation easements and considers potential extensions to other partial interests. Copyright 1997 Western Economic Association International.
Year of publication: |
1997
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Authors: | WIEBE, KEITH ; TEGENE, ABEBAYEHU ; KUHN, BETSEY |
Published in: |
Contemporary Economic Policy. - Western Economic Association International - WEAI, ISSN 1074-3529. - Vol. 15.1997, 2, p. 35-43
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Publisher: |
Western Economic Association International - WEAI |
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