RT Monograph
SR 00
A1 Scott, Paul
T1 Dynamic Discrete Choice Estimation of Agricultural Land Use
YR 2014
FD 2014-05
VO 14-526
SP 56
K1 agricultural supply estimation
K1 dynamic discrete choice
K1 land use change
K1 biofuels policy
AB 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.
T2 TSE Working Paper
PB TSE Working Paper
PP Toulouse
AV Published
LK https://publications.ut-capitole.fr/id/eprint/16477/
UL http://tse-fr.eu/pub/27568