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A real options-net present value approach to assessing land use change: A case study of afforestation in Canada
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Yemshanov, Denys , Luckert, M.K. (Marty) , Hauer, Grant , Unterschultz, Jim , McKenney, Daniel W., McCarney, Geoffrey R.
Geographically explicit land use change models based on net present value have been criticized for not reflecting the breadth of economic considerations relevant to private land use decisions. An alternative approach is to econometrically estimate land allocations from historical transactions,...
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1999
Project Report 1999-5