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Journal of Agricultural and Applied Economics >
Volume 27, Number 02, December 1995 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/15258
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| Title: | EFFECTIVENESS OF USE-VALUE ASSESSMENT IN PRESERVING FARMLAND: A SEARCH-THEORETIC APPROACH |
| Authors: | Tavernier, Edmund M.
Li, Farong |
| Keywords: | Farmland preservation
Offer price
Reservation price
Search theory
Uncertainty
Use-value assessment |
| Issue Date: | 1995-12 |
| Abstract: | Search theory is used to present a theoretically defensible model to examine the effectiveness of use value assessment (UVA) in preserving farmland. The model is empirically tractable and supports the findings of past research. The analysis considers the impact of farm income, uncertainty, and the distribution of the offer price on the effectiveness of UVA in preserving farmland and shows, through the effect on the reservation price, that for a given distribution of the offer price, property-tax rate, and the difference between market-value and use-value of land, the preservation of agricultural land only takes place within a relevant range. |
| URI: | http://purl.umn.edu/15258 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 27, Number 02, December 1995 |
| Total Pages: | 10 |
| Language: | English |
| From Page: | 626 |
| To Page: | 635 |
| Collections: | Volume 27, Number 02, December 1995
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| 27020626.pdf | 654Kb | PDF | View/Open |
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