GEOSTATISTICS FOR THE ASSESSED SITE ALLOCATION PROBLEM IN OFFICIALLY ASSESSED LAND PRICE AND PREFECTURAL LAND PRICE

The Value and Price of Land

Housing Price, Land Supply and Revenue from Land Sales

In a recen t study, Peng and Wheaton empirically exam ine the effect of restricti ve land supply on Hong Kong house prices. However, we argue that the impact of the supply of new land by the Hong Kong government is not as important as they maintain in accounting for the volatile house prices in Hong Kong. We show that there is no causal relation ship between land supply and housing prices. Our ...

Dynamic Reserve Selection: Optimal Land Retention with Land Price Feedbacks

Urban growth compromises open space and ecosystem functions. To mitigate the negative effects, some agencies use reserve selection models to identify conservation sites for purchase or retention. Existing models assume that conservation has no impact on nearby land prices. We propose a new integer program that relaxes this assumption via adaptive cost-coefficients. Our model accounts for the tw...

Dynamic Reserve Selection: Optimal Land Retention with Land-Price Feedbacks

Urban growth compromises open space and ecosystem functions. To mitigate the negative effects, some agencies use reserve selection models to identify conservation sites for purchase or retention. Existing models assume that conservation has no impact on nearby land prices. We propose a new integer program that relaxes this assumption via adaptive cost coefficients. Our model accounts for the tw...

Optimal Land Allocation and Production Timing for Fresh Vegetable Growers under Price and Production Uncertainty

Production timing is an essential element in fresh vegetable growers’ efforts to maximize profitability and reduce income risks. The present study uses biophysical simulation modeling coupled with a dual crop (tomatoes, sweet corn) whole-farm economic formulation to analyze the effects of growers’ risk aversion levels and price consideration (seasonal or annual price consideration) in expected ...