Data/hora: 07/06/2024 03:48:20

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | THE IMPACT OF INFORMATION ON LAND DEVELOPMENT: A DYNAMIC AND STOCHASTIC ANALYSIS
Autores: | Batabyal,   Amitrajeet A.
Data: | 1998-04-29
Ano: | 1995
Palavras-chave: | Development; Dynamic; Information; Uncertainty; Land Economics/Use; D82; Q20.
Resumo: | In a two-period model, economists such as K.J. Arrow, A.C. Fisher, and C. Henry, have shown that when development is both indivisible and irreversible, a developer who ignores the possibility of obtaining new information about the outcome of such development will invariably underestimate the benefits of preservation and hence favor development. In this note, I extend the AFH analysis in two directions. I model the land development problem in a dynamic framework, explicitly specifying an information production function. In such a setting, I then ask and answer the question concerning when development should take place.  Forthcoming in Journal of Environmental Management
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

620

http://purl.umn.edu/28356

Editor: | AgEcon Search

Relação:

Utah State University&gt;Economics Department&gt;Economics Research Institute, ERI Study Papers

ERI Study Paper 95-13

Formato:

10

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