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| Lansford, Notie H., Jr.; Jones, Lonnie L.. |
| Efficient allocation of water requires knowledge of water's value in both consumptive and nonconsumptive uses. This study estimates the marginal value of water in lake recreational and aesthetic (RA) use. An hedonic price equation (employing the Box-Cox functional form) indicates lake front location, distance to lake, and scenic view are significant RA characteristics of housing. Water front properties command a premium price for the private access they offer. Beyond the water front, the marginal RA price falls rapidly with increasing distance, becoming asymptotic to some minimum. Twenty-two percent of housing price is found to be attributable to the RA component. |
| Tipo: Journal Article |
Palavras-chave: Aesthetic; Box-Cox; Hedonic; Housing; Lake; Nonmarket; Recreation; Water; Resource /Energy Economics and Policy. |
| Ano: 1995 |
URL: http://purl.umn.edu/15347 |
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| Briggeman, Brian C.; Detre, Joshua D.; Doye, Damona G.; Lansford, Notie H., Jr.. |
| The Oklahoma Agricultural Bank Simulation Game (Ag Bank Sim) is a software based, experiential learning tool through which participants historically have learned key financial, economic, and banking lessons. The game offers a “real world” experience in which management decisions affect institutions interacting in a geographic market, enhancing understanding of the complex, competitive environment within which commercial banks operate. A new Internet version of the game has been developed, allowing participants to play Ag Bank Sim in a virtual environment. This poster highlights features of the game and reports results of pre and post tests of undergraduate students playing the game at Louisiana State University and Oklahoma State University in the spring... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Banking; Simulation; Experiential learning; Agricultural Finance; Financial Economics; Teaching/Communication/Extension/Profession. |
| Ano: 2010 |
URL: http://purl.umn.edu/61409 |
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| Lansford, Notie H., Jr.; Jones, Lonnie L.. |
| Historically, water allocation focused on quantities demanded by consumptive uses. As quantity demand grows, efficient allocation among consumptive and nonconsumptive uses becomes more critical. This hedonic approach provides information regarding recreational and aesthetic (RA) value for a central Texas lake. The model indicates several statistically significant RA characteristics of housing; proximity is the most important. Waterfront properties command a premium, but marginal RA price falls rapidly with increasing distance. Marginal RA values are estimated for selected water levels and are found to have a lower marginal price per acre-foot than many agricultural uses. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis; Resource /Energy Economics and Policy. |
| Ano: 1995 |
URL: http://purl.umn.edu/30776 |
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| Lansford, Notie H., Jr.; Freeman, David W.; Topliff, Donald R.; Walker, Odell L.. |
| Yearling quarter horse prices are dependent upon a number of characteristics. Quantifiable genetic and macroeconomic variables for 5,295 sales from 1982-92 are used in a hedonic price model. Marginal values and discrete incremental prices are determined for 23 characteristics, 21 of which are found to be significant. The model’s fit implies it may be helpful for maximizing breeder returns. Overall, buyers pay substantial premiums if the yearling’s first dam or sire was a champion and if the sire or first dam previously produced a champion. Likewise, yearlings whose second and third dams are winners and producers of winners receive higher prices. Prices paid for fillies and older yearlings exceed those paid for clots, geldings, and younger horses. |
| Tipo: Journal Article |
Palavras-chave: Genetic characteristic; Hedonic model; Quarter horse; Race-bred; Yearling; Agribusiness; Demand and Price Analysis; Livestock Production/Industries. |
| Ano: 1998 |
URL: http://purl.umn.edu/90443 |
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