Short-term contracts provide weak incentives for durable input investment if post-contract asset transfer is difficult. Our model shows that when both agents provide inputs, optimal contract length balances the weak incentives of one agent against the other's. This perspective broadens the...

Purpose – This paper aims to determine the effects of agricultural, recreational and urban variables on Oklahoma land prices. Design/methodology/approach – An econometric model is estimated using price of agricultural land parcels as the dependent variable and independent variables...

This article seeks to more accurately estimate the size and distance of the effect of urban proximity on agricultural land values. The econometric model lets the size and distance of the effect of urban proximity on agricultural land values vary by population, real income, and time. The changes...