The Use of Shadow Prices in Determining Marginal Values for Agricultural Land

Fred J. Stewart and Richard A. Greenhalgh

No 283806, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The problem of evaluating the need for land development projects for agricultural uses is addressed in a marginal analysis utilizing shadow prices. A linear programming framework was used with physical and historical characteristics of the land resource being defined and constrained. A procedure for assigning marginal values to an entire package of land resource characteristics is presented.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 13
Date: 1977-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea77:283806

DOI: 10.22004/ag.econ.283806

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