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| Pope, Rulon D.; Kramer, Randall A.; Green, Richard D.; Gardner, B. Delworth. |
| Previously published empirical models of U.S. farmland prices are reviewed and reestimated including recent data. It is apparent that structural changes have occurred. A simple single equation econometric model with less economic structure appears to forecast better than a simultaneous equation model. Finally, Box-Jenkins forecasts are roughly as good as those based upon a simultaneous equation econometric model, but somewhat inferior to the single equation model. The results suggest that further research may be needed to explain recent movements of farmland prices. |
| Tipo: Journal Article |
Palavras-chave: Land Economics/Use. |
| Ano: 1979 |
URL: http://purl.umn.edu/32436 |
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| Gardner, B. Delworth. |
| Federal ownership and management of the public lands have created a rent-seeking frenzy, inflated rhetoric, wasted resources, and squandered investment opportunities. The primary commodity user groups, grazers and timber harvesters, have declined in importance whereas conservationists and recreationists have gained. Still, historical use preferences and continued rent seeking have produced use entitlements that seem impervious to changing costs and demands and thus result in large wealth losses to consumers and taxpayers. Privatization of the public lands is probably politically infeasible, but simulated market processes can be used to replace political allocations and improve efficiency. |
| Tipo: Journal Article |
Palavras-chave: Land Economics/Use. |
| Ano: 1997 |
URL: http://purl.umn.edu/31014 |
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