The Use of Shadow Prices in Determining Marginal Values for Agricultural Land
Fred J. Stewart and
Richard A. Greenhalgh
No 283806, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
The problem of evaluating the need for land development projects for agricultural uses is addressed in a marginal analysis utilizing shadow prices. A linear programming framework was used with physical and historical characteristics of the land resource being defined and constrained. A procedure for assigning marginal values to an entire package of land resource characteristics is presented.
Keywords: Land; Economics/Use (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea77:283806
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