This study presents an empirical model of the impacts of agricultural and urban returns on farmland value. The model allows the marginal impacts of parcel characteristics to vary nonlinearly over space with an endogenous smooth transition between urban fringe and rural areas. The estimation...

This research uses economic experiments to examine the effectiveness of reverse auction institutions in an endogenous dynamic entry setting. Induced values are used to compare behavior in dynamic and static auction structures. Past research on this topic has understudied dynamic elements such as...

This paper examines how auctions for ecosystem services introduce adverse selection, limiting cost-effectiveness. Induced-value experiments test theory and examine the extent of adverse selection in these markets. In comparison to the baseline of either doing nothing or the optimality of an...

This paper analyzes the judicial resolution of land-use con icts and then derives a technique to promote mediation of these and other property rights disputes. A simple theory is developed comparing Coasean bargaining over unallocated property rights to nonmarket resolution. The analysis leads...

In stated preference valuation of farmland preservation, respondents are often told that preservation will occur within various jurisdictional scales—that is, community or state—but are not told the specific location of parcels. The resultant availability of welfare estimates for different...

A conceptual framework distinguishes farmland retention institutions and with a survey of various literatures, interviews, and original policy design, classifies 28 techniques in four types: regulatory, incentive-based, governmental-participatory, and hybrid. The analysis reveals that techniques...

We consider the implications of narrow choice sets on welfare estimation in a random utility model of recreation demand. We hypothesize that careful formulation of the choice set focusing on the sites of policy interest and their closest substitutes will give reasonably accurate welfare...

Random Utility Models are commonly used to model the choice among a set of alternatives. Often, due to data or computational constraints, the analyst must use aggregated alternatives to estimate the model. These aggregates are defined by averaging characteristics of alternatives over...