HEDONIC ESTIMATION APPLIED TO THE FARMLAND MARKET IN GEORGIA

Renata L. Elad, Ivery D. Clifton and James Epperson

Journal of Agricultural and Applied Economics, 1994, vol. 26, issue 2, 16

Abstract: Farmland offered for its productive or consumptive value may be viewed as a class of goods characteristic of product differentiation. Using the generalized Box-Cox transformation, an unrestricted hedonic model was employed to derive implicit valuations of parcel attributes. Results suggest that the significance and level of importance of attributes on land pricing depends on the spatial extent of markets in Georgia. Differences in the productive or consumptive use of farmland may imply that different factors and functional forms are appropriate to different farmland markets.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Date: 1994
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

Downloads: (external link)
https://ageconsearch.umn.edu/record/15179/files/26020351.pdf (application/pdf)

Related works:
Journal Article: Hedonic Estimation Applied to the Farmland Market in Georgia (1994)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15179

DOI: 10.22004/ag.econ.15179

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().