OPTIMAL LAND CONVERSION AT THE RURAL-URBAN FRINGE WITH POSITIVE AND NEGATIVE AGRICULTURAL EXTERNALITIES
Jeffrey Peterson () and
Richard N. Boisvert
No 21722, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Bid-rent curves are incorporated in a stochastic dynamic programming model of land development around a city when farmland generates both positive and negative externalities. The model delineates how the quantities of land in various uses over time should depend on the relative social weights assigned to the competing agricultural externalities.
Keywords: Land; Economics/Use (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea00:21722
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