The effects of potential land development on agricultural land prices

Journal of Urban Economics

Volumn 52, Issue 3, 2002, Pages 561-581

  Plantinga, Andrew J ^a   Lubowski, Ruben ^b   Stavins, Robert N ^c  

^a OREGON STATE UNIVERSITY   (United States)

^b ECONOMIC RESEARCH SERVICE   (United States)

^c HARVARD UNIVERSITY   (United States)

Author keywords

Agricultural land prices; Land development; Land Use; Urban spatial models

Indexed keywords

EID: 0036872961     PISSN: 00941190     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0094-1190(02)00503-X     Document Type: Article

References (35)

1. J.D. Aiken, State farmland preferential assessment statutes, RB 310, Department of Agricultural Economics, University of Nebraska, 1989.
2. L. Anselin, Spatial Econometrics: Methods and Models, Kluwer Academic, Boston, 1988.
3. T.C. Bailey, A.C. Gatrell, Interactive Spatial Data Analysis, Prentice-Hall, Princeton, NJ, 1995.
4. D.R. Capozza, R.W. Helsley, The fundamentals of land prices and urban growth, Journal of Urban Economics 26 (1989) 295-306.
5. D.R. Capozza, R.W. Helsley, The stochastic city, Journal of Urban Economics 28 (1990) 187-203.
6. D.R. Capozza, Y. Li, Optimal land development decisions, Journal of Urban Economics 51 (2002) 123-142.
7. D.R. Capozza, G.A. Sick, The risk structure of land markets, Journal of Urban Economics 35 (1994) 297-319.
8. D.L. Chicoine, Farmland values at the urban fringe: An analysis of sales prices, Land Economics 57 (1981) 353-362.
9. S.-H. Cho, J. Wu, W.G. Boggess, Measuring interactions among urban development, land use regulations, and public finance, Working paper, Department of Agricultural and Resource Economics, Oregon State University, 2001.
10. P.F. Colwell, H.J. Munneke, The structure of urban land prices, Journal of Urban Economics 41 (1997) 321-336.
11. N.E. Coulson, R.F. Engle, Transportation costs and the rent gradient, Journal of Urban Economics 21 (1987) 287-297.
12. R.L. Elad, I.D. Clifton, J.E. Epperson, Hedonic estimation applied to the farmland market in Georgia, Journal of Agricultural and Applied Economics 26 (1994) 351-366.
13. W.A. Fischel, The urbanization of agricultural land: A review of the National Agricultural Lands Study, Land Economics 58 (1982) 236-259.
14. I.W. Hardie, T.A. Narayan, B.L. Gardner, The joint influence of agricultural and nonfarm factors on real estate values: An application to the Mid-Atlantic region, American Journal of Agricultural Economics 83 (2001) 120-132.
15. L.J. Hushak, K. Sadr, A spatial of model land market behavior, American Journal of Agricultural Economics 61 (1979) 697-701.
16. S. Karlin, H.M. Taylor, A First Course in Stochastic Processes, Academic Press, New York, 1975.
17. H.H. Kelejian, I.R. Prucha, A generalized moments estimator for the autoregressive parameter in a spatial model, International Economic Review 40 (1999) 509-533.
18. J.G. Kowalski, C.C. Paraskevopoulos, The impact of location on urban industrial land prices, Journal of Urban Economics 27 (1990) 16-24.
19. J. Malme, Preferential Property Tax Treatment of Land, Lincoln Institute of Land Policy, Cambridge, MA, 1993.
20. J.F. McDonald, D.P. McMillen, Land values, land use, and the first Chicago Zoning Ordinance, Journal of Real Estate Finance and Economics 16 (1998) 135-150.
21. R. Mendelsohn, W.D. Nordhaus, D. Shaw, The impact of global warming on agriculture: A Ricardian analysis, American Economic Review 84 (1994) 753-771.
22. D.E. Mills, Growth, speculation, and sprawl in a monocentric city, Journal of Urban Economics 10 (1981) 201-226.
23. R.B. Palmquist, L.E. Danielson, A hedonic study of the effects of erosion control and drainage on farmland values, American Journal of Agricultural Economics 71 (1989) 55-62.
24. A.J. Plantinga, D.J. Miller, Agricultural land values and the value of rights to future land development, Land Economics 77 (2001) 56-67.
25. R.B. Peiser, The determinants of nonresidential urban land values, Journal of Urban Economics 22 (1987) 340-360.
26. L. Quigg, Empirical testing of real option-pricing models, Journal of Finance 48 (1993) 621-640.
27. S.S. Rosenthal, R.W. Helsley, Redevelopment and the urban land price gradient, Journal of Urban Economics 35 (1994) 182-200.
28. S.T. Schatzki, A Theoretical and Empirical Examination of Land Use Change Under Uncertainty, PhD dissertation, Harvard University, 1998.
29. Y.J. Shi, T.T. Phipps, D. Colyer, Agricultural land values under urbanizing influences, Land Economics 73 (1997) 90-100.
30. J.S. Shonkwiler, J.E. Reynolds, A note on the use of hedonic price models in the analysis of land prices at the urban fringe, Land Economics 62 (1986) 58-61.
31. A. Tegene, K. Wiebe, B. Kuhn, Irreversible investment under uncertainty: Conservation easements and the option to develop agricultural land, Journal of Agricultural Economics 50 (1999) 203-219.
32. S. Titman, Urban land prices under uncertainty, American Economic Review 75 (1985) 505-514.
33. C. Turvey, Can hysteresis and real options explain the farmland valuation puzzle? Working paper 02/11, Department of Agricultural Economics and Business, University of Guelph, 2002.
34. D.F. Vitaliano, C. Hill, Agricultural districts and farmland prices, Journal of Real Estate Finance and Economics 8 (1994) 213-223.
35. H. White, A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity, Econometrica 48 (1980) 817-838.