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          Volume 27, Number 02, December 1995 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/15258

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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