Batabyal, Amitrajeet A. - In: American Journal of Agricultural Economics 78 (1996) 4, pp. 1092-1097
The Arrow-Fisher-Henry (AFH) analysis of land development under uncertainty has been conducted in a two-period model. Recently, Capozza and Helsley (1990) and Batabyal (1995) have addressed the question of land development under uncertainty in a many-period setting. In this paper, aspects of...