IDEAS home Printed from https://ideas.repec.org/p/ags/aaea85/278547.html
   My bibliography  Save this paper

Option Value of Soil, An Irreplaceable Asset From The Social Point of View

Author

Listed:
  • Segarra, Eduardo
  • Taylor, Daniel B.

Abstract

A model in which option value and option price of soil are introduced is used to show that the irreversibility-effect of soil depletion, coupled with the mere prospect of obtaining fuller information in the future, generates a positive option value for soil which could lead to conserve the soil resource.

Suggested Citation

  • Segarra, Eduardo & Taylor, Daniel B., 1985. "Option Value of Soil, An Irreplaceable Asset From The Social Point of View," 1985 Annual Meeting, August 4-7, Ames, Iowa 278547, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea85:278547
    DOI: 10.22004/ag.econ.278547
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/278547/files/aaea-1985-030.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Charles J. Cicchetti & A. Myrick Freeman III, 1971. "Option Demand and Consumer Surplus: Further Comment," The Quarterly Journal of Economics, Oxford University Press, vol. 85(3), pages 528-539.
    2. Bohm, Peter, 1975. "Option Demand and Consumer's Surplus: Comment," American Economic Review, American Economic Association, vol. 65(4), pages 733-736, September.
    3. Kenneth J. Arrow & Anthony C. Fisher, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, Oxford University Press, vol. 88(2), pages 312-319.
    4. Burton A. Weisbrod, 1964. "Collective-Consumption Services of Individual-Consumption Goods," The Quarterly Journal of Economics, Oxford University Press, vol. 78(3), pages 471-477.
    5. Schmalensee, Richard, 1972. "Option Demand and Consumer's Surplus: Valuing Price Changes under Uncertainty," American Economic Review, American Economic Association, vol. 62(5), pages 813-824, December.
    6. Henry, Claude, 1974. "Investment Decisions Under Uncertainty: The "Irreversibility Effect."," American Economic Review, American Economic Association, vol. 64(6), pages 1006-1012, December.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea85:278547. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://www.aaea.org .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.