The following paper outlines a new econometric model designed to capture both the temporal and spatial dynamics of housing prices. The paper combines existing spatial econometric techniques with a model that allows parameters to evolve over time. In addition, we provide an empirical application...

This paper assesses the potential for function based benefit transfer to inform farmland preservation policy, with emphasis on distinctions between welfare estimation and policy prioritization. Data are drawn from a parallel choice experiments implemented in six communities and statewide in...

According to Ricardian rent theory, the value of farm assets is equal to the discounted present value of future expected net rents from farm returns, and the discounted expected value of the land if converted to nonfarm development. Some recent research has considered modifying this standard...

This paper analyzes potential cost savings to the U.S. agricultural sector associated with applying marketable permit designs for methyl bromide critical use exemptions (CUE), under the phase-out of methyl bromide. A necessary condition for an efficient trading system is heterogeneity among...

The paper considers the econometric modeling of technology adoption when crop choice is simultaneous. Bivariate probit is used to estimate a model of irrigation technology choice and land allocation using a unique field-level data set from California's Central Valley. Special attention is paid...

This paper advances an empirical model assessing how, over both time and space, changes in land-use respond to changing economic and ecological conditions. Focusing on Central North Carolina, a region that has undergone extensive changes in forest cover and agricultural lands over the past two...

A contingent valuation survey was conducted in two diverse Oregon counties to estimate potential enrollment of framed or grazed land in a riparian buffer strip program. Landowner preferences for various program components were elicited and demonstrate the need to carefully design conservation...

This paper examines whether permanent farmland preservation programs are capitalized into farmland prices. We consider the landowner's decision to voluntarily participate and correct for sample selection bias in our estimation of sales prices. Initial results suggest development restrictions...

We model the ill-defined nature of grazing access using fuzzy set theory. We also model common property considerations. Within this framework, we examine when the traditional system results in higher returns and/or lower variance for herders than land privatization or a standard common property...

Scenario analysis was used to develop scenarios the grazed forage industry in the western U.S. will most likely face over the next several decades. Five major factors were identified as being most consequential. Scenarios indicated that livestock use of grazing lands will most likely decline...