Structural hedonic prices of land parcels in transition from agriculture in a western community

A single-equation nonlinear hedonic price function is estimated for parcels of rural land in transition from agriculture in a Nevada community. Empirical results are evaluated relative to the effects of selected government-provided amenities on parcel prices. Utilizing the estimated hedonic equation...

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Bibliographic Details
Published inWestern Journal of Agricultural Economics Vol. 11; no. 1; pp. 50 - 57
Main Authors Pardew, J.B, Shane, R.L, Yanagida, J.F
Format Journal Article
LanguageEnglish
Published Bozeman, MT Western Agricultural Economics Association 01.07.1986
Subjects
Agricultural economics
Agricultural land
Bid prices
Coefficients
Economic value
FARMLAND
Land development
Land economics
Market prices
MODELE
MODELOS
NEVADA
PRECIOS
Price functions
PRICES
PRIX
RURAL AREAS
SURFACE AGRICOLE UTILE
TIERRAS AGRICOLAS
ZONAS RURALES
ZONE RURALE
Zoning
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Summary:A single-equation nonlinear hedonic price function is estimated for parcels of rural land in transition from agriculture in a Nevada community. Empirical results are evaluated relative to the effects of selected government-provided amenities on parcel prices. Utilizing the estimated hedonic equation, bid (demand) and offer (supply) functions are determined for two dependent trait variables of parcel size and closeness to mountains.
Bibliography:E11
8712390
ISSN:0162-1912
1068-5502
2327-8277
2327-8285