Authors: Iovanna, Rich
Vance, Colin
Title: Land conversion and market equilibrium
Other Titles: Insights from a simulated landscape
Language (ISO): en
Abstract: We specify a system of equations that fully reflects the supply and demand sides of the market for agricultural open space at equilibrium. Although simple, the system is exceedingly flexible and allows for household and parcel heterogeneity. We derive an empirical model directly from the structural equations and contrast this using a simulated landscape with the econometric specification most often found in the literature. We then show how the model can be used to project land-use change into the future and for policy simulation. Finally, we use the model to examine the impact of common land conservation policies in Europe.
Subject Headings: conservation easement
land-use change
simulation
urban sprawl
URI: http://hdl.handle.net/2003/29286
http://dx.doi.org/10.17877/DE290R-3748
Issue Date: 2012-01-18
Appears in Collections:Sonderforschungsbereich (SFB) 823

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