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| Wasson, James; McLeod, Donald M.; Bastian, Christopher T.; Rashford, Benjamin S.. |
| Ascribing land value solely to productive capacity does not accurately capture the impact environmental amenities provide on western land prices. Agricultural land prices in Wyoming are estimated using a hedonic price model and Geographic Information Sciences (GIS) data. These GIS measurements include on-parcel wildlife and fish habitat, viewscape attributes and distance to protected federal lands. A feasible generalized least squares (FGLS) approach is used to address both spatial autocorrelation and heteroscedasticity. The estimation is robust and highly significant. Results indicate that amenities as well as productivity are significant in explaining land values for the sample analyzed. Such information is useful for landscape management in the face of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy; Land Economics/Use. |
| Ano: 2010 |
URL: http://purl.umn.edu/61597 |
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| Rashford, Benjamin S.; Adams, Richard M.. |
| Wildlife management agencies increasingly use economic analyses to improve the efficiency of their management policies. Few economic studies consider supply-side analyses for wildlife management, due, in part, to a lack of biological response data that capture the full range of management strategies and the influence of landscape characteristics. This paper uses a simulation model to generate biological response functions, which are then embedded within an economic model to determine least cost management strategies. The procedure is applied to waterfowl management in the Prairie Pothole Region of the northern Great Plains. Results highlight management inefficiencies that result from oversimplified response functions that do not account for non-linear... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/19517 |
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