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Title:Land conversion and market equilibrium: Insights from a simulated landscape PDF Logo
Authors:Iovanna, Richard
Vance, Colin
Issue Date:2010
Series/Report no.:Ruhr economic papers 182
Abstract:We specify a system of equations that fully reflects the supply and demand sides of the market for agricultural open space at equilibrium. Although simple, the system is exceedingly flexible and allows for household and parcel heterogeneity. We derive an empirical model directly from the structural equations and contrast this using a simulated landscape with the econometric specification most often found in the literature. We then show how the model can be used to project land-use change into the future and for policy simulation. Finally, we use the model to examine the impact of common land conservation policies in Europe.
Subjects:Land-use change
urban sprawl
simulation
JEL:R15
Q24
ISBN:978-3-86788-204-0
Document Type:Working Paper
Appears in Collections:Ruhr Economic Papers, RWI
Publikationen von Forscherinnen und Forschern des RWI

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