IDEAS home Printed from https://ideas.repec.org/r/eee/jeeman/v46y2003i1p86-105.html
   My bibliography  Save this item

Options, uncertainty and sunk costs:: an empirical analysis of land use change

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Di Corato, Luca & Brady, Mark, 2016. "Passive farming and land development: a real option approach," Working Paper Series 2016:4, Swedish University of Agricultural Sciences, Department Economics.
  2. Mason, Charles F. & Plantinga, Andrew J., 2013. "The additionality problem with offsets: Optimal contracts for carbon sequestration in forests," Journal of Environmental Economics and Management, Elsevier, vol. 66(1), pages 1-14.
  3. Dean A. Shepherd & Jeffery S. Mcmullen & William Ocasio, 2017. "Is that an opportunity? An attention model of top managers' opportunity beliefs for strategic action," Strategic Management Journal, Wiley Blackwell, vol. 38(3), pages 626-644, March.
  4. Yemshanov, Denys & McCarney, Geoffrey R. & Hauer, Grant & Luckert, M.K. (Marty) & Unterschultz, Jim & McKenney, Daniel W., 2015. "A real options-net present value approach to assessing land use change: A case study of afforestation in Canada," Forest Policy and Economics, Elsevier, vol. 50(C), pages 327-336.
  5. Di Corato, Luca & Hess, Sebastian, 2013. "Farmland Investments in Africa: What’s the Deal?," Working Paper Series 2013:10, Swedish University of Agricultural Sciences, Department Economics.
  6. Robert A. Simons & Ron Throupe, 2012. "Debundling Property Rights for Contaminated Properties: Valuing the Opportunity Cost of the Right to Sell, Using Cumulative Options," International Real Estate Review, Global Social Science Institute, vol. 15(2), pages 231-252.
  7. Ruben N. Lubowski & Andrew J. Plantinga & Robert N. Stavins, 2008. "What Drives Land-Use Change in the United States? A National Analysis of Landowner Decisions," Land Economics, University of Wisconsin Press, vol. 84(4), pages 529-550.
  8. Luca Di Corato & Dimitrios Zormpas, 2022. "Investment in farming under uncertainty and decoupled support: a real options approach [A unified model of investment under uncertainty]," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 49(4), pages 876-909.
  9. Lubowski, Ruben N. & Bucholtz, Shawn & Claassen, Roger & Roberts, Michael J. & Cooper, Joseph C. & Gueorguieva, Anna & Johansson, Robert C., 2006. "Environmental Effects Of Agricultural Land-Use Change: The Role Of Economics And Policy," Economic Research Report 33591, United States Department of Agriculture, Economic Research Service.
  10. Lee, Meongsu, 2018. "Impacts of Net Returns Per Acre on Land Use after Conservation Reserve Program Contract Expiration," 2018 Annual Meeting, August 5-7, Washington, D.C. 273877, Agricultural and Applied Economics Association.
  11. Engel, Stefanie & Palmer, Charles & Taschini, Luca & Urech, Simon, 2012. "Cost-effective payments for reducing emissions from deforestation under uncertainty," LSE Research Online Documents on Economics 44837, London School of Economics and Political Science, LSE Library.
  12. Diogo, V. & Reidsma, P. & Schaap, B. & Andree, B.P.J. & Koomen, E., 2017. "Assessing local and regional economic impacts of climatic extremes and feasibility of adaptation measures in Dutch arable farming systems," Agricultural Systems, Elsevier, vol. 157(C), pages 216-229.
  13. Luca Di Corato, 2018. "Rural land development under hyperbolic discounting: a real option approach," Letters in Spatial and Resource Sciences, Springer, vol. 11(2), pages 167-182, July.
  14. Wu, Feng & Guan, Zhengfei & Yu, Fan & Myers, Robert J., 2013. "The spillover effects of biofuel policy on participation in the conservation reserve program," Journal of Economic Dynamics and Control, Elsevier, vol. 37(9), pages 1755-1770.
  15. Sunderasan Srinivasan, 2015. "Economic valuation and option-based payments for ecosystem services," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(7), pages 1055-1077, October.
  16. Lewis, David J. & Plantinga, Andrew J. & Nelson, Erik & Polasky, Stephen, 2011. "The efficiency of voluntary incentive policies for preventing biodiversity loss," Resource and Energy Economics, Elsevier, vol. 33(1), pages 192-211, January.
  17. Work, James & Hauer, Grant & Luckert, M.K. (Marty), 2018. "What ethanol prices would induce growers to switch from agriculture to poplar in Alberta? A multiple options approach," Journal of Forest Economics, Elsevier, vol. 33(C), pages 51-62.
  18. Paulina Oliva & B. Kelsey Jack & Samuel Bell & Elizabeth Mettetal & Christopher Severen, 2020. "Technology Adoption under Uncertainty: Take-Up and Subsequent Investment in Zambia," The Review of Economics and Statistics, MIT Press, vol. 102(3), pages 617-632, July.
  19. David J. Lewis & Andrew J. Plantinga & JunJie Wu, 2009. "Targeting Incentives to Reduce Habitat Fragmentation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(4), pages 1080-1096.
  20. Luca Corato & Michele Moretto & Sergio Vergalli, 2013. "Land conversion pace under uncertainty and irreversibility: too fast or too slow?," Journal of Economics, Springer, vol. 110(1), pages 45-82, September.
  21. Purnamita Dasgupta, 2007. "Common Property Resources as Development Drivers: A Study of Fruit Cooperative in Himachal Pradesh: India," Working Papers id:917, eSocialSciences.
  22. Lubowski, Ruben N. & Plantinga, Andrew J. & Stavins, Robert N., 2006. "Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function," Journal of Environmental Economics and Management, Elsevier, vol. 51(2), pages 135-152, March.
  23. Dumortier, Jerome, 2012. "Welfare changes associated with forest carbon offset credits in the United States," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124632, Agricultural and Applied Economics Association.
  24. Christian Langpap & JunJie Wu, 2008. "Predicting the Effect of Land‐Use Policies on Wildlife Habitat Abundance," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 56(2), pages 195-217, June.
  25. Kurkalova, Lyubov A., 2014. "On optimal placement of best management practices in agricultural watersheds," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169768, Agricultural and Applied Economics Association.
  26. Kovacs, Kent F., 2009. "The Timing of Rapid Farmland Conversion Events: Evidence from California's Differential Assessment Program," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49252, Agricultural and Applied Economics Association.
  27. Claassen, Roger & Lubowski, Ruben N. & Roberts, Michael J., 2005. "Extent, Location, and Characteristics of Land Cropped Due to Insurance Subsidies," 2005 Annual meeting, July 24-27, Providence, RI 19546, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  28. Barraquand, F. & Martinet, V., 2011. "Biological conservation in dynamic agricultural landscapes: Effectiveness of public policies and trade-offs with agricultural production," Ecological Economics, Elsevier, vol. 70(5), pages 910-920, March.
  29. Jeffrey Stokes, 2012. "The value of the option to preserve farm real estate," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 36(1), pages 162-175, January.
  30. Dumortier, Jerome & Kauffman, Nathan & Hayes, Dermot J., 2015. "Uncertainty and Time-to-Build in Bioenergy Crop Production," ISU General Staff Papers 201501010800001019, Iowa State University, Department of Economics.
  31. Alessandro De Pinto & Gerald C. Nelson, 2007. "Modelling Deforestation and Land‐Use Change: Sparse Data Environments," Journal of Agricultural Economics, Wiley Blackwell, vol. 58(3), pages 502-516, September.
  32. Jan Hinrichs & Oliver Musshoff & Martin Odening, 2008. "Economic hysteresis in hog production," Applied Economics, Taylor & Francis Journals, vol. 40(3), pages 333-340.
  33. Langpap, Christian & Hascic, Ivan & Wu, JunJie, 2006. "Predicting Watershed Ecosystems Through Targeted Local Land Use Policies," 2006 Annual meeting, July 23-26, Long Beach, CA 21262, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  34. Davis, James & Rausser, Gordon, 2020. "Amending conservation programs through expanding choice architecture: A case study of forestry and livestock producers," Agricultural Systems, Elsevier, vol. 177(C).
  35. Carrión-Flores, Carmen E. & Flores-Lagunes, Alfonso & Guci, Ledia, 2018. "An estimator for discrete-choice models with spatial lag dependence using large samples, with an application to land-use conversions," Regional Science and Urban Economics, Elsevier, vol. 69(C), pages 77-93.
  36. Vidyaratne, Herath & Vij, Akshay & Regan, Courtney M., 2020. "A socio-economic exploration of landholder motivations to participate in afforestation programs in the Republic of Ireland: The role of irreversibility, inheritance and bequest value," Land Use Policy, Elsevier, vol. 99(C).
  37. World Bank, 2006. "Poverty, Growth, and Environment in Brazil : Spatial Insights for Policymaking," World Bank Publications - Reports 12852, The World Bank Group.
  38. Feng Song & Jinhua Zhao & Scott M. Swinton, 2011. "Switching to Perennial Energy Crops Under Uncertainty and Costly Reversibility," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(3), pages 764-779.
  39. Towe, Charles A. & Nickerson, Cynthia J. & Bockstael, Nancy E., 2005. "An Empirical Examination of Real Options and the Timing of Land Conversions," 2005 Annual meeting, July 24-27, Providence, RI 19125, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  40. Magalhães de Oliveira, Gustavo & Sellare, Jorge & Cisneros, Elias, Börner, Jan & Börner, Jan, 2024. "Mind your language: Political signaling and deforestation in the Brazilian Amazon," Discussion Papers 333334, University of Bonn, Center for Development Research (ZEF).
  41. Dumortier, Jerome & Kauffman, Nathan & Hayes, Dermot J., 2017. "Production and spatial distribution of switchgrass and miscanthus in the United States under uncertainty and sunk cost," Energy Economics, Elsevier, vol. 67(C), pages 300-314.
  42. Reutemann, Tim & Engel, Stefanie & Pareja, Eliana, 2016. "How (not) to pay — Field experimental evidence on the design of REDD+ payments," Ecological Economics, Elsevier, vol. 129(C), pages 220-229.
  43. Ye, Fanglin & Paulson, Nicholas & Khanna, Madhu, 2014. "Technology uncertainty and learning by doing in the cellulosic biofuel investment," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169789, Agricultural and Applied Economics Association.
  44. Hitayezu, Patrick & Wale, Edilegnaw & Ortmann, Gerald, 2015. "Assessing Agricultural Land Use Change in the Midlands Region of KwaZulu-Natal, South Africa: Application of Mixed-Multinomial Logit," 2015 Conference, August 9-14, 2015, Milan, Italy 211736, International Association of Agricultural Economists.
  45. Chengyu Si & Yanru Li & Wei Jiang, 2023. "Effect of Insurance Subsidies on Agricultural Land-Use," IJERPH, MDPI, vol. 20(2), pages 1-12, January.
  46. Lubowski, Ruben N. & Plantinga, Andrew J. & Stavins, Robert N., 2003. "Determinants of Land-Use Change In the United States 1982-1997," Discussion Papers 10714, Resources for the Future.
  47. Seong-Hoon Cho & Bijay P. Sharma, 2020. "Optimal spatial budget distribution of forest carbon payments that balances the returns and risks associated with conservation costs," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(8), pages 7239-7267, December.
  48. Linnerud, Kristin & Andersson, Ane Marte & Fleten, Stein-Erik, 2014. "Investment timing under uncertain renewable energy policy: An empirical study of small hydropower projects," Energy, Elsevier, vol. 78(C), pages 154-164.
  49. Golub, Alexander & Herrera, Diego & Leslie, Gabriela & Pietracci, Breno & Lubowski, Ruben, 2021. "A real options framework for reducing emissions from deforestation: Reconciling short-term incentives with long-term benefits from conservation and agricultural intensification," Ecosystem Services, Elsevier, vol. 49(C).
  50. Ovando, Paola & Caparrós, Alejandro, 2009. "Land use and carbon mitigation in Europe: A survey of the potentials of different alternatives," Energy Policy, Elsevier, vol. 37(3), pages 992-1003, March.
  51. Alessandro Pinto & Gerald C. Nelson, 2009. "Land Use Change with Spatially Explicit Data: A Dynamic Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(2), pages 209-229, June.
  52. Clark Lundberg & Ryan Abman, 2022. "Maize price volatility and deforestation," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(2), pages 693-716, March.
  53. Ruiqing Miao & David A. Hennessy & Hongli Feng, 2022. "Grassland easement evaluation and acquisition with uncertain conversion and conservation returns," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 70(1), pages 41-61, March.
  54. Lee, Sangjun & Zhao, Jinhua, 2021. "Adaptation to climate change: Extreme events versus gradual changes," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
  55. Oladipo S. Obembe & Nathan P. Hendricks, 2022. "Marginal cost of carbon sequestration through forest afforestation of agricultural land in the southeastern United States," Agricultural Economics, International Association of Agricultural Economists, vol. 53(S1), pages 59-73, November.
  56. Dumortier, Jerome Robert Florian, 2011. "The impact of forest offset credits under a stochastic carbon price on agriculture using a rational expectations and real options framework," ISU General Staff Papers 201101010800001160, Iowa State University, Department of Economics.
  57. Zack Dorner & Dean Hyslop, 2014. "Modelling Changing Rural Land Use in New Zealand 1997 to 2008 Using a Multinomial Logit Approach," Working Papers 14_12, Motu Economic and Public Policy Research.
  58. Hildebrandt, Patrick & Knoke, Thomas, 2011. "Investment decisions under uncertainty--A methodological review on forest science studies," Forest Policy and Economics, Elsevier, vol. 13(1), pages 1-15, January.
  59. Chen, Xiaoxuan & Ando, Amy Whritenour, 2006. "Optimal Contract Length for Voluntary Land Conservation Programs," 2006 Annual meeting, July 23-26, Long Beach, CA 21259, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  60. Li, Man & De Pinto, Alessandro & Ulimwengu, John M. & You, Liangzhi & Robertson, Richard D., 2012. "Impacts of Paving Roads for Development in the Democratic Republic of Congo: Deforestation and Biological Carbon Loss," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126672, International Association of Agricultural Economists.
  61. Elberg Nielsen, Anne Sofie & Plantinga, Andrew J. & Alig, Ralph J., 2014. "Mitigating climate change through afforestation: New cost estimates for the United States," Resource and Energy Economics, Elsevier, vol. 36(1), pages 83-98.
  62. Palmer, Charles & Taschini, Luca & Laing, Timothy, 2017. "Getting more ‘carbon bang’ for your ‘buck’ in Acre State, Brazil," Ecological Economics, Elsevier, vol. 142(C), pages 214-227.
  63. Si, Chengyu & Nadolnyak, Denis, 2018. "The Effects of Government Payments on Agricultural Land Use," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266628, Southern Agricultural Economics Association.
  64. Stavins, Robert & Plantinga, Andrew & Lubowski, Ruben, 2005. "Land-Use Change and Carbon Sinks," RFF Working Paper Series dp-05-04, Resources for the Future.
  65. Suzi Kerr & Alex Olssen, 2012. "Gradual Land-use Change in New Zealand: Results from a Dynamic Econometric Model," Working Papers 12-06, Motu Economic and Public Policy Research.
  66. Kim, Youngho & Lichtenberg, Erik & Newburn, David, 2022. "Payments and Penalties in Ecosystem Services Programs," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322103, Agricultural and Applied Economics Association.
  67. De Pinto, Alessandro & Nelson, Gerald C., 2004. "A Dynamic Model Of Land Use Change With Spatially Explicit Data," 2004 Annual meeting, August 1-4, Denver, CO 20314, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  68. Dorner, Zach, 2013. "Changing Rural Land Use In New Zealand 1997 To 2008," 2013 Conference, August 28-30, 2013, Christchurch, New Zealand 160197, New Zealand Agricultural and Resource Economics Society.
  69. McCarty, Tanner & Sesmero, Juan & Gramig, Ben, 2016. "Contracting for Perennial Energy Crops Under Uncertainty and Costly Reversibility," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236092, Agricultural and Applied Economics Association.
  70. Stefanie Engel & Charles Palmer & Luca Taschini & Simon Urech, 2015. "Conservation Payments under Uncertainty," Land Economics, University of Wisconsin Press, vol. 91(1), pages 36-56.
  71. Graeme Guthrie & Dinesh Kumareswaran, 2009. "Carbon Subsidies, Taxes and Optimal Forest Management," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(2), pages 275-293, June.
  72. Irwin, Elena G. & Bockstael, Nancy E., 2004. "Land use externalities, open space preservation, and urban sprawl," Regional Science and Urban Economics, Elsevier, vol. 34(6), pages 705-725, November.
  73. Daniel A. Brent, 2016. "Estimating Water Demand Elasticity at the Intensive and Extensive Margin," Departmental Working Papers 2016-06, Department of Economics, Louisiana State University.
  74. Corato, Luca Di & Hess, Sebastian, 2013. "A Dynamic Stochastic Programming Framework for Modeling Large Scale Land Deals in Developing Countries," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150190, Agricultural and Applied Economics Association.
  75. Di Corato, Luca & Brady, Mark V., 2019. "Passive farming and land development: A real options approach," Land Use Policy, Elsevier, vol. 80(C), pages 32-46.
  76. Delbridge, Timothy A. & King, Robert P., 2016. "Transitioning to Organic Crop Production: A Dynamic Programming Approach," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(3), pages 1-18, September.
  77. Linnerud, Kristin & Simonsen, Morten, 2017. "Swedish-Norwegian tradable green certificates: Scheme design flaws and perceived investment barriers," Energy Policy, Elsevier, vol. 106(C), pages 560-578.
  78. Chad Lawley, 2014. "Changes in Implicit Prices of Prairie Pothole Habitat," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 62(2), pages 171-190, June.
  79. Barua, Sepul K. & Uusivuori, Jussi & Kuuluvainen, Jari, 2012. "Impacts of carbon-based policy instruments and taxes on tropical deforestation," Ecological Economics, Elsevier, vol. 73(C), pages 211-219.
  80. Nicolai V. Kuminoff & Ada Wossink, 2010. "Why Isn’t More US Farmland Organic?," Journal of Agricultural Economics, Wiley Blackwell, vol. 61(2), pages 240-258, June.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.