메뉴 건너뛰기




Volumn 81, Issue 4, 1999, Pages 772-784

A dynamic analysis of land prices

Author keywords

Asset pricing; Land; Risk; Transaction cost

Indexed keywords

LAND MARKET; METHODOLOGY; PRICE DYNAMICS; RURAL ECONOMY;

EID: 0032704337     PISSN: 00029092     EISSN: None     Source Type: Journal    
DOI: 10.2307/1244323     Document Type: Article
Times cited : (34)

References (25)
  • 1
    • 0022872950 scopus 로고
    • An analysis of growth of U.S. farmland prices, 1963-82
    • February
    • Alston, J.M. "An Analysis of Growth of U.S. Farmland Prices, 1963-82." Amer. J. Agr. Econ. 68(February 1986): 1-9.
    • (1986) Amer. J. Agr. Econ. , vol.68 , pp. 1-9
    • Alston, J.M.1
  • 2
    • 0030318155 scopus 로고    scopus 로고
    • Changing time attitudes in intertemporal analysis
    • November
    • Barry, P.J., L.J. Robison, and G.V. Neartea. "Changing Time Attitudes in Intertemporal Analysis." Amer. J. Agr. Econ. 78(November 1996):972-81.
    • (1996) Amer. J. Agr. Econ. , vol.78 , pp. 972-981
    • Barry, P.J.1    Robison, L.J.2    Neartea, G.V.3
  • 3
    • 84962984112 scopus 로고
    • Another look at returns to agricultural and nonagricultural assets
    • February
    • Bjornson, B., and R. Innes. "Another Look at returns to Agricultural and Nonagricultural Assets." Amer. J. Agr. Econ. 74(February 1992):109-19.
    • (1992) Amer. J. Agr. Econ. , vol.74 , pp. 109-119
    • Bjornson, B.1    Innes, R.2
  • 4
    • 0009713512 scopus 로고
    • An intertemporal asset pricing model with stochastic consumption and investment opportunities
    • September
    • Breeden, D.T. "An Intertemporal Asset pricing Model with Stochastic Consumption and Investment Opportunities." J. Financ. Econ. 7(September 1979):265-96.
    • (1979) J. Financ. Econ. , vol.7 , pp. 265-296
    • Breeden, D.T.1
  • 5
    • 0022891617 scopus 로고
    • Econometric modeling of the capitalization formula for farmland prices
    • February
    • Burt, O.R. "Econometric Modeling of the Capitalization Formula for Farmland Prices." Amer. J. Agr. Econ. 68(February 1986):10-26.
    • (1986) Amer. J. Agr. Econ. , vol.68 , pp. 10-26
    • Burt, O.R.1
  • 6
    • 0345642124 scopus 로고
    • An analysis of land prices under risk
    • May
    • Chavas, J.P., and B. Jones. "An Analysis of Land Prices under Risk." Rev. Agr. Econ. 15(May 1993):351-66.
    • (1993) Rev. Agr. Econ. , vol.15 , pp. 351-366
    • Chavas, J.P.1    Jones, B.2
  • 7
    • 85047697614 scopus 로고
    • The inconsistency of land values, land rents, and capitalization formulas
    • February
    • Clark, J.S., M. Fulton, and J.T. Scott, Jr. "The Inconsistency of Land Values, Land Rents, and Capitalization Formulas." Amer. J. Agr. Econ. 75(February 1993):147-55.
    • (1993) Amer. J. Agr. Econ. , vol.75 , pp. 147-155
    • Clark, J.S.1    Fulton, M.2    Scott J.T., Jr.3
  • 8
    • 0006423512 scopus 로고
    • A revealed preference analysis of asset pricing under recursive utility
    • Epstein, L.G., and A. Melino. "A Revealed Preference Analysis of Asset Pricing under Recursive Utility." Rev. Econ. Stud. 62(1995): 597-618.
    • (1995) Rev. Econ. Stud. , vol.62 , pp. 597-618
    • Epstein, L.G.1    Melino, A.2
  • 9
    • 0000842941 scopus 로고
    • Substitution, risk aversion, and the temporal behavior of consumption and asset returns: A theoretical framework
    • JuIy
    • Epstein, L.G., and S.E. Zin. "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework." Econometrica 57(JuIy 1989):937-69.
    • (1989) Econometrica , vol.57 , pp. 937-969
    • Epstein, L.G.1    Zin, S.E.2
  • 10
    • 84935429666 scopus 로고
    • Substitution, risk aversion, and the temporal behavior of consumption and asset returns: An empirical analysis
    • April
    • Epstein, L.G., and S.E. Zin. "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis." J. Polit. Econ. 99(April 1991):263-86.
    • (1991) J. Polit. Econ. , vol.99 , pp. 263-286
    • Epstein, L.G.1    Zin, S.E.2
  • 11
    • 0026266974 scopus 로고
    • Formally testing the present value model of farmland prices
    • February
    • Falk, B. "Formally Testing the Present Value Model of Farmland Prices." Amer. J. Agr. Econ. 73(February 1991):1-10.
    • (1991) Amer. J. Agr. Econ. , vol.73 , pp. 1-10
    • Falk, B.1
  • 12
    • 0000076669 scopus 로고
    • An examination of farm sector real asset dynamics: 1910:85
    • August
    • Featherstone, A.M., and TG. Baker. "An Examination of Farm Sector Real Asset Dynamics: 1910:85." Amer. J. Agr. Econ. 69(August 1987):532-46.
    • (1987) Amer. J. Agr. Econ. , vol.69 , pp. 532-546
    • Featherstone, A.M.1    Baker, T.G.2
  • 13
    • 0000414660 scopus 로고
    • Large sample properties of the generalized method of moments estimators
    • July
    • Hansen, L.P. "Large Sample Properties of the Generalized Method of Moments Estimators." Econometrica 50(July 1982):1029-54.
    • (1982) Econometrica , vol.50 , pp. 1029-1054
    • Hansen, L.P.1
  • 14
    • 85017108575 scopus 로고
    • Generalized instrumental variables estimation of nonlinear rational expectations models
    • September
    • Hansen, L.P., and K.J. Singleton. "Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models." Econometrica 50(September 1982):1269-86.
    • (1982) Econometrica , vol.50 , pp. 1269-1286
    • Hansen, L.P.1    Singleton, K.J.2
  • 15
    • 0010000580 scopus 로고
    • Testing for a time-varying risk premium in the returns to U.S. farmland
    • September
    • Hanson, S.D., and R.J. Myers. "Testing for a Time-Varying Risk Premium in the Returns to U.S. Farmland." J. Emp. Financ. 2(September 1995):265-76.
    • (1995) J. Emp. Financ. , vol.2 , pp. 265-276
    • Hanson, S.D.1    Myers, R.J.2
  • 16
    • 0015398185 scopus 로고
    • Capital markets: Theory and evidence
    • Autumn
    • Jensen, M.C. "Capital Markets: Theory and Evidence." Bell J. Econ. and Manage. Sci. 3(Autumn 1972):357-98.
    • (1972) Bell J. Econ. and Manage. Sci. , vol.3 , pp. 357-398
    • Jensen, M.C.1
  • 17
    • 0027767113 scopus 로고
    • Understanding farmland price changes
    • February
    • Just, R.E., and J.A. Miranowski. "Understanding Farmland price Changes." Amer. J. Agr. Econ. 75(February 1993):156-68.
    • (1993) Amer. J. Agr. Econ. , vol.75 , pp. 156-168
    • Miranowski, J.A.1
  • 18
    • 0030318911 scopus 로고    scopus 로고
    • Dynamic resource management: Intertemporal substitution and risk aversion
    • November
    • Knapp, K.C., and L.J. Olson. "Dynamic Resource Management: Intertemporal Substitution and Risk Aversion." Amer. J. Agr. Econ. 78(November 1996):1004-14.
    • (1996) Amer. J. Agr. Econ. , vol.78 , pp. 1004-1014
    • Knapp, K.C.1    Olson, L.J.2
  • 19
    • 0002426025 scopus 로고    scopus 로고
    • The equity premium: It's still a puzzle
    • March
    • Kocherlakota, N.R. "The Equity Premium: It's Still a Puzzle." J. Econ. Lit. 34(March 1996): 42-71.
    • (1996) J. Econ. Lit. , vol.34 , pp. 42-71
    • Kocherlakota, N.R.1
  • 20
    • 0000737101 scopus 로고
    • Stationary ordinal utility and impatience
    • April
    • Koopmans, T.C. "Stationary Ordinal Utility and Impatience." Econometrica 28(April 1960): 287-309.
    • (1960) Econometrica , vol.28 , pp. 287-309
    • Koopmans, T.C.1
  • 21
    • 84959777470 scopus 로고
    • Capital gains versus current income in the farming sector
    • December
    • Melichar, E. "Capital Gains versus Current Income in the Farming Sector." Amer. J. Agr. Econ. 61(December 1979):1085-92.
    • (1979) Amer. J. Agr. Econ. , vol.61 , pp. 1085-1092
    • Melichar, E.1
  • 22
    • 0001738730 scopus 로고
    • An intertemporal capital asset pricing model
    • September
    • Merton, R.C. "An Intertemporal Capital Asset Pricing Model." Econometrica 41(September 1973):867-87.
    • (1973) Econometrica , vol.41 , pp. 867-887
    • Merton, R.C.1
  • 23
    • 0000706085 scopus 로고
    • A simple, positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix
    • May
    • Newey, W.K., and K.D. West. "A Simple, Positive Semi-definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix." Econometrica 55(May 1987):703-8.
    • (1987) Econometrica , vol.55 , pp. 703-708
    • Newey, W.K.1    West, K.D.2
  • 24
    • 0029521101 scopus 로고
    • Capital segmentation and U.S. farm real estate pricing
    • May
    • Shiha, A.N., and J.P. Chavas. "Capital Segmentation and U.S. Farm Real Estate Pricing." Amer. J. Agr. Econ. 77(May 1995):397-407.
    • (1995) Amer. J. Agr. Econ. , vol.77 , pp. 397-407
    • Shiha, A.N.1    Chavas, J.P.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.