A spatial-econometric hedonic housing price model is estimated for the Seoul metropolitan area to measure the marginal value of improved air quality. Results showed that the spatial lag model fits best for both owner and renter households. Marginal WTP for a 4% improvement in air quality is...

The research reported in this paper combines agricultural and urban-fringe models, utilizes a combination of cross-sectional and time-series data from the Census of Agriculture and other sources, and estimates a single-equation model for West Virginia farmland prices. Urban influences on land...

A theory-based participation model is developed using the assumptions of perfect capital markets and perfect information. Given this specification it is shown that participation in a PDR program is always equivalent in present value terms to selling the land, and is always at least as good as...

Logit analysis is used to evaluate the performance of the zoning body in Frederick County, Maryland , in term of its statutory policy objectives. Models are formulated to test the hypothesis that the rezoning process is consistent with the guideline specified in the County Zoning Ordinance. An...

This study develops a five-equation simultaneous system in a partial lag-adjustment growth-equilibrium framework. It improved previous models in the growth-equilibrium tradition by explicitly modeling local government and regional income in the growth process. It also explicitly modeled gross...

In this paper we develop a spatial panel simultaneous-equations model of business growth, migration behavior, local public services and median household income in a partial lag-adjustment growth-equilibrium framework and utilizing a one-way error component model for the disturbances. This model...