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Journal Cover Land Economics
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   ISSN (Print) 0023-7639 - ISSN (Online) 1543-8325
   Published by University of Wisconsin Press Homepage  [10 journals]
  • The Cost of Convenience: Estimating the Impact of Communication Antennas
           on Residential Property Values
    • Abstract: <p>By Stephen L. Locke, Glenn C. Blomquist</p> Accompanying the desirable growth of cell phone and wireless Internet usage has been the not-so-desirable appearance of communication antennas. Cell phone usage worldwide, and especially in the United States, has grown fast. According to the Cellular Telephone Industries Association, in December of 1998 there were 69.2 million wireless subscribers. Fifteen years later, in December 2013, that number was 335.7 million.1 To put this in perspective, the U.S. Census Bureau estimated the population to be 270.2 million in 1998 and 316.5 million in 2013. The United States has gone from 25.6% of the population having a wireless subscription in 1998 to more than one subscription per person in 2013. With the advances in ... <a href="">Read More</a>
      Keywords: Antennas (Electronics)
      PubDate: 2016-01-12T00:00:00-05:00
  • Multiple-Knapsack Optimization in Land Conservation: Results from the
           First Cost-effective Conservation Program in the United States
    • Abstract: <p>By Kent D. Messer, Maik Kecinski, Xing Tang, Robert H. Hirsch IV</p> Most conservation programs are not cost-effective—often, they are far from it. Although numerous studies have pointed to the benefits of cost-effective conservation (Gardner 1977; Polasky, Camm, and Garber-Yonts 2001; Ando et al. 1998; Kline 2006; Kline and Wichelns 1996; Messer 2006; Wu, Zilberman, and Babcock 2001; Duke, Dundas, and Messer 2013; Babcock et al. 1997; Rosenberger 1998; Malcolm, Duke, and Mackenzie 2005; Naidoo and Ricketts 2006), none so far have measured actual increases in conservation benefits achieved using cost-effective parcel selection methods with on-the-ground data. We examine transactions for 118 parcels in Baltimore County, Maryland, over a three-year period (2007–2009) and illustrate ... <a href="">Read More</a>
      Keywords: Natural areas
      PubDate: 2016-01-12T00:00:00-05:00
  • Transaction-Based Timberland Investment Returns
    • Abstract: <p>By Bin Mei</p> Timberland, as an asset class, has come of age. In the 1980s, when a few adventurers such as CalPERS and Harvard Management Company launched timber funds, the market size barely exceeded $1 billion (Zinkhan 2008). Nowadays, there are over 30 timber-land investment management organizations (TIMOs) managing more than $57 billion of timberland assets for their investors (Flynn, Neilson, and Lyddan 2014). In order to provide more information about the financial performance of private-equity timberland investments, the National Council of Real Estate Investment Fiduciaries (NCREIF) began publishing the NCREIF Timberland Index (NTI) in the early 1990s, which traces timberland investment returns back to 1987 quarter 1. ... <a href="">Read More</a>
      Keywords: Forests and forestry
      PubDate: 2016-01-12T00:00:00-05:00
  • Improving the Efficiency of Voluntary Water Quality Conservation Programs
    • Abstract: <p>By Jeff Savage, Marc Ribaudo</p> Environmental externalities emanating from agricultural production have traditionally been dealt with in the United States through voluntary approaches. This is in contrast to regulatory approaches that are typically used to address environmental externalities from industrial pollution. Rather than requiring farmers to take specific actions or meet defined environmental goals, the U.S. government and states have typically sought to induce farmers to voluntarily act to meet a particular level of environmental stewardship through a variety of incentives, including cost-shares, incentive payments, technical assistance, and education (Segerson 2013). However, voluntary approaches have largely failed to improve water ... <a href="">Read More</a>
      Keywords: Water quality management
      PubDate: 2016-01-12T00:00:00-05:00
  • The Impact of Agri-environmental Schemes on Farm Performance in Five E.U.
           Member States: A DID-Matching Approach
    • Abstract: <p>By Linda Arata, Paolo Sckokai</p> In recent years in developed countries there has been increasing concern about the relationship between agriculture and the environment. In the European Union, the Common Agricultural Policy has introduced several agri-environmental measures in order to discourage negative externalities and to promote positive externalities of agricultural activities. While negative externalities are sanctioned by a reduction in direct income payments if farmers do not comply with cross-compliance requirements, positive externalities are encouraged by some rural development measures that promote environmentally sustainable farming practices through payments that compensate farmers for the provision of environmental goods that the ... <a href="">Read More</a>
      Keywords: Agriculture
      PubDate: 2016-01-12T00:00:00-05:00
  • Maintaining Public Goods: The Capitalized Value of Local Park Renovations
    • Abstract: <p>By Mitchell R. Livy, H. Allen Klaiber</p> The recent economic downturn across the United States has severely constrained the budgets of many local municipalities tasked with providing and maintaining local public goods. One common type of locally provided public good is the provision of open space through local parks and the playgrounds and other amenities associated with those parks. While surveys of voter referenda on open space preservation consistently find that the public is willing to vote to fund public open space (Kotchen and Powers 2006), the empirical literature on households’ valuation of local public parks is mixed (McConnell and Walls 2005). In addition to the cost of their initial provision, local public parks require routine maintenance ... <a href="">Read More</a>
      Keywords: Real property and taxation
      PubDate: 2016-01-12T00:00:00-05:00
  • Measuring the Impact of the BP Deepwater Horizon Oil Spill on Consumer
    • Abstract: <p>By O. Ashton Morgan, John C. Whitehead, William L. Huth, Greg S. Martin</p> On April 20, 2010, there was an explosion and fire on the BP-licensed drilling rig Deep-water Horizon in the Gulf of Mexico. While the Deepwater Horizon rig sunk two days later, the seafloor oil gusher that resulted from the explosion continued to leak until the wellhead was finally capped on July 15, 2010. The Deepwater Horizon spill was 20 times the size of the Exxon Valdez spill and sent approximately 4.9 million barrels of crude oil into the Gulf of Mexico over a 3 month period. The spill had a negative impact on the Gulf of Mexico fishery. Following the spill, the National Oceanic and Atmospheric Administration (NOAA) closed recreational and commercial fishing in affected federal waters between the mouth of ... <a href="">Read More</a>
      Keywords: Consumer behavior
      PubDate: 2016-01-12T00:00:00-05:00
  • Organization of Land Surrounding Airports: The Case of the Aerotropolis
    • Abstract: <p>By Ricardo Flores-Fillol, Miquel-Àngel Garcia-López, Rosella Nicolini</p> Logistics are becoming an increasingly important issue because firms are in search of flexibility. Speed and agility are already as important as price and quality in the strategy of firms that adopt the just-in-time good-supplying system. Firms choose their location to enhance their accessibility to markets. No longer are logistics seen as costs to be minimized, but as value-added activities in firms’ supply chain that need to be optimized.Consequently, fast delivery is a key element (see Leinbach and Bowen 2004 for empirical evidence). In this context, airports are seen (especially by e-tailers) as a new kind of central business district (CBD) with enough capacity to leverage air commerce into high profits. In ... <a href="">Read More</a>
      Keywords: Airports
      PubDate: 2016-01-12T00:00:00-05:00
  • Land Inheritance and Market Transactions in Uganda
    • Abstract: <p>By John Herbert Ainembabazi, Arild Angelsen</p> Agriculture continues to form the backbone of rural economies in sub-Saharan African countries. Farmland is a key resource, and access to land determines households’ choice of livelihood strategies (Winters et al. 2009). However, little is known about how the initial mode of land acquisition determines future landholding among farming communities in agrarian economies. While the predominant mode of land access is through land markets in Asia (Deininger and Feder 2001), land access through both market and nonmarket transactions is common in sub-Saharan African countries (Holden, Otsuka, and Place 2009). Rural land markets have been extensively studied and found to play several roles including transferring land from ... <a href="">Read More</a>
      Keywords: Land titles
      PubDate: 2016-01-12T00:00:00-05:00
  • Playing Favorites: Tax Incentives and Urban Growth in China,
    • Abstract: <p>By Jennifer Alix-Garcia, Annemarie Schneider, Na Zhao</p> In pursuit of economic growth, policy makers often adopt strategies that preference particular cities or regions. Determining the effectiveness of such policies in encouraging differential growth is essential to understanding whether governments can use these tools to mitigate regional income inequality. This paper seeks to determine the impact of region-specific investment policies on urban expansion and, by extension, on growth. In particular, we examine whether a series of “economic zones” established by the Chinese government between 1980 and 2000 resulted in changes in the urban land use trajectories of the targeted cities.Since economic reforms were put in place across China in the late 1970s, the country’s ... <a href="">Read More</a>
      Keywords: Cities and towns
      PubDate: 2016-01-12T00:00:00-05:00
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