Dynamic Discrete Choice Estimation of Agricultural Land Use

Scott, Paul (2014) Dynamic Discrete Choice Estimation of Agricultural Land Use. TSE Working Paper, n. 14-526, Toulouse

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Official URL: http://tse-fr.eu/pub/27568

Abstract

I develop a new framework for analyzing land use change with dynamically optimizing landowners. My empirical approach allows for unobservable heterogeneity and avoids the burden of explicitly modeling the evolution of market-level state variables like input and output prices. Using a rich new data set on land use in the United States, I estimate a relatively large long-run cropland-price elasticity of 0.3. Compared to static estimates using the same data, my dynamic estimates suggest that biofuels production leads to dramatically more land use change and substantially smaller price increases in the long run.

Item Type: Monograph (Working Paper)
Language: English
Date: May 2014
Place of Publication: Toulouse
Uncontrolled Keywords: agricultural supply estimation, dynamic discrete choice, land use change, biofuels policy
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Institution: Université Toulouse 1 Capitole
Site: UT1
Date Deposited: 16 Mar 2015 14:39
Last Modified: 20 Mar 2018 15:28
OAI ID: oai:tse-fr.eu:27568
URI: http://publications.ut-capitole.fr/id/eprint/16477

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