ESTIMATION OF CONSUMER'S SURPLUS VALUES FOR LAND POLICIES

Changing social objectives and a greater variety of policy instruments require extra detail and fuller specification in analyses of land policies. Consumer's surplus remains an appropriate measure of net social benefit but surplus values must be estimated more carefully. The paper examines the application of four surplus concepts to policy problems and illustrates a methodology to estimate all four. The estimates for the different concepts can differ widely and the correct concepts have not always been advocated. The methodology appears useful where other estimation procedures have failed.


Issue Date:
1978-08
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/22718
Published in:
Australian Journal of Agricultural Economics, Volume 22, Number 2-3
Page range:
175-193
Total Pages:
19




 Record created 2017-04-01, last modified 2017-11-20

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