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• W1567761391 abstract "There has been a recent trend towards purchasing land for farmland preservation, wildlife refuges, other conservation, and cultural and historical preservation. There is a great deal of unexplained variation in the dollars paid per acre for these properties. The theoretical basis for this analysis is an option value model with stochastic returns to development. The data used in our analysis is sales transactions data for natural resource conservation and farmland preservation purposes from throughout the United States. We find that land, when it would be best used for development, but is not developed, has a significantly higher price." @default.
• W1567761391 created "2016-06-24" @default.
• W1567761391 creator A5030669790 @default.
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• W1567761391 date "2002-01-01" @default.
• W1567761391 modified "2023-09-27" @default.
• W1567761391 title "AN OPTION VALUE APPROACH TO VALUING PRESERVATION PROPERTIES" @default.
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• W1567761391 doi "https://doi.org/10.22004/ag.econ.36619" @default.
• W1567761391 hasPublicationYear "2002" @default.
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