Valuing Easements: A Simple Bargaining Framework

Joseph W. Trefzger () and Henry J. Munneke ()
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Joseph W. Trefzger: Department of Finance, Insurance and Law Illinois State University Normal, Illinois 61761, http://gilbreth.cob.ilstu.edu/fil/
Henry J. Munneke: University of Georgia Athens, Georgia 30602, http://www.uga.edu/

Journal of Real Estate Research, 1998, vol. 16, issue 2, 127-138

Abstract: The literature’s guidance on appraising easement values is limited, such as the sometimes unworkable advice to locate appropriate comparables. A simple economic analysis involving applications of bargaining theory (splitting a cooperative surplus) and game theory (anticipating other parties’ actions) might provide a viable alternative means of analysis in some easement situations.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1998
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