Open-Space Amenities, Interacting Agents, and Equilibrium Landscape Structure
AbstractThis paper presents a model in which open space is assumed to provide external benefits to residents of adjacent municipalities, and utility-maximizing municipal planners are assumed to act strategically in recognizing the benefits of neighboring open space and planning their own open-space allocation accordingly. Using a simple behavioral model to represent each planner’s open-space allocation decision, the model illustrates that the strategic interaction of multiple decision-makers can produce relatively complex patterns of open space on a landscape. The extent to which these patterns are sensitive to heterogeneities among municipalities in income potential, land area, and open space availability is also explored.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 80 (2004)
Issue (Month): 2 ()
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- Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
- R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
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