How can rights of first refusal protect prime agricultural land? This paper develops a theory for valuing rights of first refusal based on compensation for foreclosing future demand, information asymmetry, and advance purchase of market share. A procedure is developed for governments to use these rights to prevent conversion.
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2001 Annual meeting, August 5-8, Chicago, IL with number
20760.
Length: Date of creation: 2001 Date of revision: Handle: RePEc:ags:aaea01:20760
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