USING RIGHTS OF FIRST REFUSAL FOR FARMLAND RETENTION

Joshua Duke, Scott A. Malcolm and John MacKenzie

No 20760, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: How can rights of first refusal protect prime agricultural land? This paper develops a theory for valuing rights of first refusal based on compensation for foreclosing future demand, information asymmetry, and advance purchase of market share. A procedure is developed for governments to use these rights to prevent conversion.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 11
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20760

DOI: 10.22004/ag.econ.20760

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