OPTIMAL LAND CONVERSION AT THE RURAL-URBAN FRINGE WITH POSITIVE AND NEGATIVE AGRICULTURAL EXTERNALITIES

Bid-rent curves are incorporated in a stochastic dynamic programming model of land development around a city when farmland generates both positive and negative externalities. The model delineates how the quantities of land in various uses over time should depend on the relative social weights assigned to the competing agricultural externalities.


Issue Date:
2000
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/21722
Total Pages:
36
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-04-26

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)