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Viewing report
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Valuation of Conservation and Preservation Properties. Edition No. 1
VDM Publishing House, Aug 2008, Pages: 100
There has been a recent trend for many local, state,
and federal agencies to buy land for conservation
purposes. Also, many of these agencies have issued
development moratoria, which decreases the value of
some private property. This book analyzes the
effects of these policies and uses data to research
the possibility of alternative land uses on land
prices. Both economic theory and statistical
analysis are used to show that a large percentage of
the value of preservation properties comes from
potential uses of the property. This implies that
if landowners are not compensated for taking away
their development rights, they have an incentive to
develop the land before development is banned. This
outcome is not optimal for either party. These
results should be of interest to various government
agencies as well as many landowners.
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