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Tenant Favoritism and Right of First Refusals in Farmland Auctions 农地拍卖中的租客偏袒与优先购买权
IF 1.4 4区 经济学
Land Economics Pub Date : 2022-08-22 DOI: 10.3368/le.080721-0091r1
Lars Isenhardt, S. Seifert, S. Hüttel
{"title":"Tenant Favoritism and Right of First Refusals in Farmland Auctions","authors":"Lars Isenhardt, S. Seifert, S. Hüttel","doi":"10.3368/le.080721-0091r1","DOIUrl":"https://doi.org/10.3368/le.080721-0091r1","url":null,"abstract":"Rights of first refusals (RFRs) granted to tenants in land privatization auctions enable them to purchase their leased land by accepting the highest bid. RFRs may deter bidders and incentivize non–right holders to adjust their bidding. We conjecture that tenant favoritism with RFRs reduces competition and thus sales prices at the expense of the public sellers. To test the conjectures, we compile a data set of land auctions by two privatization agencies in eastern Germany, one favoring tenants along with an RFR, between 2007 and 2018. Double robust matching results indicate RFR-related reductions in the number of bidders and prices.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"302 - 324"},"PeriodicalIF":1.4,"publicationDate":"2022-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49125776","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Measuring Heterogeneous Preferences for Adaptation Strategies in Response to Sea Level Rise: Evidence from Miami-Dade County 测量应对海平面上升的适应策略的异质偏好：来自迈阿密戴德县的证据
IF 1.4 4区 经济学
Land Economics Pub Date : 2022-06-23 DOI: 10.3368/le.062620-0093R1
Xuqi Chen, Zhifeng Gao, Xiang Bi
{"title":"Measuring Heterogeneous Preferences for Adaptation Strategies in Response to Sea Level Rise: Evidence from Miami-Dade County","authors":"Xuqi Chen, Zhifeng Gao, Xiang Bi","doi":"10.3368/le.062620-0093R1","DOIUrl":"https://doi.org/10.3368/le.062620-0093R1","url":null,"abstract":"Despite mounting threats from rising sea levels, adaptation to sea level rise (SLR) is often challenged by limited funding and understanding of residents’ preferences. Using an online choice experiment, we investigate residents’ preference for three SLR adaptation strategies: building seawalls, replenishing the beach, and installing stormwater pumps in Miami-Dade County. We control the preference, scale, and alternative heterogeneity using generalized multinomial logit models with error components. Results show that residents prefer additional adaptation strategies to the status quo, and valuations of adaptation attributes are correlated with residents’ sociodemographics. Accounting for alternative heterogeneity also significantly improves model performance.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"38 - 62"},"PeriodicalIF":1.4,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44560576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Quality over Quantity: Nonmarket Values of Restoring Coastal Dunes in the U.S. Pacific Northwest 质重于量:美国西北太平洋海岸沙丘恢复的非市场价值
IF 1.4 4区 经济学
Land Economics Pub Date : 2022-05-18 DOI: 10.3368/le.040721-0036R
T. Nguyen, D. Kling, Steven J. Dundas, S. Hacker, Daniel K. Lew, P. Ruggiero, K. Roy
{"title":"Quality over Quantity: Nonmarket Values of Restoring Coastal Dunes in the U.S. Pacific Northwest","authors":"T. Nguyen, D. Kling, Steven J. Dundas, S. Hacker, Daniel K. Lew, P. Ruggiero, K. Roy","doi":"10.3368/le.040721-0036R","DOIUrl":"https://doi.org/10.3368/le.040721-0036R","url":null,"abstract":"We design a choice experiment to examine public preferences for coastal dune ecosystem restoration in the U.S. Pacific Northwest. Dunes are a public good whose natural state is now rare. Respondents are asked to choose among hypothetical projects that vary by project size, restoration quality, recreation access, flooding risk, and cost. Restoration quality is defined as closeness to the natural ecosystem. We find that increasing restoration quality results in significantly higher welfare gains than increasing the size of restoration area. Maintaining recreation access is preferred, and programs with recreation restrictions yield positive willingness to pay only if accompanied by the highest restoration quality.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"63 - 79"},"PeriodicalIF":1.4,"publicationDate":"2022-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48584912","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Case-Based Reasoning and Dynamic Choice Modeling 基于案例的推理和动态选择建模
IF 1.4 4区 经济学
Land Economics Pub Date : 2022-04-21 DOI: 10.3368/le.120820-0183r1
Priya Thomas, Todd Guilfoos
{"title":"Case-Based Reasoning and Dynamic Choice Modeling","authors":"Priya Thomas, Todd Guilfoos","doi":"10.3368/le.120820-0183r1","DOIUrl":"https://doi.org/10.3368/le.120820-0183r1","url":null,"abstract":"Estimating discrete choices under uncertainty typically rely on assumptions of expected utility theory. We build on the dynamic choice modeling literature by using a nonlinear case-based reasoning approach based on cognitive processes and forms expectations by comparing the similarity between past problems and the current problem faced by a decision maker. This study provides a proof of concept of a behavioral model of location choice applied to recreational fishers’ location choice behavior in Connecticut. We find the case-based decision model does well in explaining the observed data and provides value in explaining the dynamic value of attributes.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"103 - 121"},"PeriodicalIF":1.4,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43607416","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The Disamenity Impact of Solar Farms: A Hedonic Analysis 太阳能农场的不利影响:享乐分析
IF 1.4 4区 经济学
Land Economics Pub Date : 2022-04-21 DOI: 10.3368/le.071220-0105r
D. Maddison, Reece Ogier, Allan Beltrán
{"title":"The Disamenity Impact of Solar Farms: A Hedonic Analysis","authors":"D. Maddison, Reece Ogier, Allan Beltrán","doi":"10.3368/le.071220-0105r","DOIUrl":"https://doi.org/10.3368/le.071220-0105r","url":null,"abstract":"Photovoltaic solar farms are utility-level ground-mounted arrays of interconnected panels that convert sunlight into electricity. Little is known about the extent of any disamenity impact from these farms, despite numerous communities objecting to their construction. This study uses a property fixed-effects model to examine the disamenity impact of photovoltaic solar farms on households in England and Wales, as revealed by changes in property prices. Properties located ≤ 750 m south of an operational solar farm greater than 5 megawatts in capacity suffer a 5.4% reduction in relative prices. The effect of solar farms ≤ 5 megawatts in capacity or located more than 750 m south of properties is statistically insignificant.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"1 - 16"},"PeriodicalIF":1.4,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43320458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
A Choice Matching Approach for Discrete Choice Analysis: An Experimental Investigation in the Laboratory 离散选择分析的选择匹配方法:实验室的实验研究
IF 1.4 4区 经济学
Land Economics Pub Date : 2022-04-21 DOI: 10.3368/le.012621-0009r1
Simone Cerroni, Dan Derbyshire, W. Hutchinson, R. Nayga
{"title":"A Choice Matching Approach for Discrete Choice Analysis: An Experimental Investigation in the Laboratory","authors":"Simone Cerroni, Dan Derbyshire, W. Hutchinson, R. Nayga","doi":"10.3368/le.012621-0009r1","DOIUrl":"https://doi.org/10.3368/le.012621-0009r1","url":null,"abstract":"This article is the first empirical application of the choice matching (CMa) method in discrete choice experiments (DCEs). An artifactual field experiment was conducted to test whether CMa applied to a DCE survey improves the validity and reliability of estimated preferences regarding standard hypothetical DCEs. Two experimental treatments were developed. In the first, subjects were exposed to a CMa-based DCE; in the second, subjects were exposed to a standard hypothetical DCE survey. Results suggest that although a CMa-based DCE does not improve validity, it can increase the reliability of estimated preferences.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"80 - 102"},"PeriodicalIF":1.4,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45010022","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Polarization in environmental donations – application to deforestation prevention donation 环境捐赠的两极分化——在防止毁林捐赠中的应用
IF 1.4 4区 经济学
Land Economics Pub Date : 2022-04-21 DOI: 10.3368/le.080921-0092r
Dede Long,Hongxing Liu,Rodolfo M. Nayga
{"title":"Polarization in environmental donations – application to deforestation prevention donation","authors":"Dede Long,Hongxing Liu,Rodolfo M. Nayga","doi":"10.3368/le.080921-0092r","DOIUrl":"https://doi.org/10.3368/le.080921-0092r","url":null,"abstract":"","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"24 10","pages":"080921-0092R"},"PeriodicalIF":1.4,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138509457","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Polarization in Environmental Donations: Application to Deforestation-Prevention Donation 环境捐赠的两极分化:在防治毁林捐赠中的应用
IF 1.4 4区 经济学
Land Economics Pub Date : 2022-04-21 DOI: 10.2139/ssrn.4001175
Dede Long, Hongxing Liu, R. Nayga
{"title":"Polarization in Environmental Donations: Application to Deforestation-Prevention Donation","authors":"Dede Long, Hongxing Liu, R. Nayga","doi":"10.2139/ssrn.4001175","DOIUrl":"https://doi.org/10.2139/ssrn.4001175","url":null,"abstract":"One common fundraising strategy used by nonprofit organizations is providing information to persuade potential donors. We theoretically and empirically analyze how information affects people’s willingness to donate. Our theory suggests when people have different initial beliefs, new information leads to polarization through their understanding and rationalization of social norms. We provide empirical support using an online experiment, demonstrating that environmental and public health information leads to polarization in deforestation prevention donations. Being exposed to information opposite of individuals’ existing beliefs reinforces their current opinions. Our results emphasize that implementing information treatment calls for careful deliberation.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"99 1","pages":"122 - 140"},"PeriodicalIF":1.4,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45212485","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Recreational Homes’ Impact on Agricultural Land Use 休闲住宅对农业用地的影响
IF 1.4 4区 经济学
Land Economics Pub Date : 2022-04-21 DOI: 10.3368/le.090420-0140r1
Charles Towe,Zhenshan Chen
{"title":"Recreational Homes’ Impact on Agricultural Land Use","authors":"Charles Towe,Zhenshan Chen","doi":"10.3368/le.090420-0140r1","DOIUrl":"https://doi.org/10.3368/le.090420-0140r1","url":null,"abstract":"When nonresidents purchase agricultural properties, the land use decision can make farmland operate below potential, still allowing for tax credits. We empirically investigate how nonresident ownership affects the agricultural land use decisions in upstate New York. A difference-in-difference matching approach shows a causal link between purchases by nonresidents and a loss of 11% of acreage to a lower-productivity use. A generalization shows this conversion counts for one-seventh of the decreased agricultural land in intensive uses in similar counties. Perhaps a simple opportunistic use of the tax-credit criteria, this phenomenon contradicts the policy’s objective and might impose other consequences on rural communities.","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"25 3","pages":"090420-0140R1"},"PeriodicalIF":1.4,"publicationDate":"2022-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138509456","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Property values, water quality, and benefit transfer: A nationwide meta-analysis. 财产价值、水质和利益转移:一项全国性的荟萃分析。
IF 1.4 4区 经济学
Land Economics Pub Date : 2022-02-01 DOI: 10.3368/le.98.2.050120-0062r1
Dennis Guignet, Matthew T Heberling, Michael Papenfus, Olivia Griot
{"title":"Property values, water quality, and benefit transfer: A nationwide meta-analysis.","authors":"Dennis Guignet,&nbsp;Matthew T Heberling,&nbsp;Michael Papenfus,&nbsp;Olivia Griot","doi":"10.3368/le.98.2.050120-0062r1","DOIUrl":"https://doi.org/10.3368/le.98.2.050120-0062r1","url":null,"abstract":"<p><p>We construct a comprehensive, publicly-available meta-dataset based on 36 hedonic studies that examine the effects of water quality on housing values in the United States. The meta-dataset includes 656 unique estimates and entails a cluster structure that accounts for price effects at different distances. Focusing on water clarity, we estimate reduced-form meta-regressions that account for within-market dependence, statistical precision, housing market and waterbody heterogeneity, publication bias, and methodological practices. While we find evidence of systematic heterogeneity, the out-of-sample transfer errors are large. We discuss the implications for benefit transfer and future work to improve transfer performance.</p>","PeriodicalId":51378,"journal":{"name":"Land Economics","volume":"98 2","pages":"191-218"},"PeriodicalIF":1.4,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9179230/pdf/nihms-1810377.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"10596047","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 11
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