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| Kovacs, Kent F.. |
| Using county-level panel data, we estimate duration models to study the timing of rapid farmland conversion events. Results suggest that income and the proximity to major highways are the principal determinants of rapid conversion events (and also responsible for prolonging these events). In particular, an increase in income of 1% is found to hasten the time to a rapid conversion event by 111% and to extend the time back to a slow state of conversion by 76%. On the other hand, valuable agricultural land and high property taxes extend the time to a rapid conversion event (and also hasten the time back to a slow state of conversion). An increase in the value of agricultural production per acre extends the time to a rapid conversion event by 14% and hastens... |
| Tipo: Journal Article |
Palavras-chave: Farmland conversion; Semi-parametric duration analysis; Differential Assessment; Location and land use; Agricultural Finance; Land Economics/Use; R11; R21; R31. |
| Ano: 2009 |
URL: http://purl.umn.edu/49252 |
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| Kovacs, Kent F.; Larson, Douglas M.. |
| An individual's rate of time preference is an important consideration for individuals deciding whether to support a public good since the benefits of a public good often come in the future. Our study finds individual discount rates from a contingent valuation method (CVM) question where the time frame of the payment schedule is varied across surveys. We find discount rates similar to the rates found in the recent revealed preference and experimental literature of around 30%. Our CVM question addresses the preservation of additional open space adjacent to a large regional park at the urban fringe of Portland, Oregon. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy; H43; Q51; Q15. |
| Ano: 2007 |
URL: http://purl.umn.edu/9743 |
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| Kovacs, Kent F.; Larson, Douglas M.. |
| Public open spaces around and within urban areas have been increasingly developed due to greater population pressures. My paper investigates if land around public open spaces is likely to get developed faster since households are attracted to the recreation value as well as the environmental amenities of the public open space. There has been inadequate attention in the literature to the influence of the different sources of value of open space on housing prices. While views of open space are certainly an important source of value to households, public open space is also valued because households enjoy recreation at the open space. Adopting the monocentric city model, simulations examine how the different sources of value of public open space influence... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Public Economics. |
| Ano: 2005 |
URL: http://purl.umn.edu/19149 |
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| Kovacs, Kent F.. |
| The spatial arrangement of public open spaces in communities has an important influence on the recreational net benefits from those public open spaces. A prime example of a public open space in communities where spatial arrangement is important is parks. From the perspective of maximizing the net benefits of recreation, there is a tradeoff between placing all the land for parks in a single park and making several parks to reduce the travel costs of households to the parks. If several parks are made, then the amount of land in each park is reduced, and the recreational net benefit of a trip to any of the parks is less. Since recreation is an important source of value from parks, an examination of an optimal spatial arrangement of parks for recreation in... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Public Economics. |
| Ano: 2005 |
URL: http://purl.umn.edu/19206 |
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