Valuing Easements: A Simple Bargaining Framework

Joseph Trefzger and Henry Munneke

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.

Date: 1998
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DOI: 10.1080/10835547.1998.12090947

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