The Opportunity Cost Criterion for Land Allocation

M.T. Hitchens, Dodo J. Thampapillai and Jack A. Sinden

Review of Marketing and Agricultural Economics, 1978, vol. 46, issue 03, 19

Abstract: The present trend to more quantitative analysis for public decisions on land allocation has included studies based on the opportunity cost criterion. This encouraging trend could be promoted through improved use of the criterion. Two important improvements are the analysis of uncertainty and the generation and analysis of a whole schedule of land use plans. The paper illustrates these improvements through empirical application of linear programming to two land use problems in New South Wales.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Date: 1978
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:10301

DOI: 10.22004/ag.econ.10301

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