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date: 23 May 2022

Abstract and Keywords

This chapter presents five prominent trends in land economics: advanced theory for spatially explicit structural modeling; advanced methods to understand and uncover agents’ land use behavior; integrated economic and ecological modeling; advances in using incomplete or inconsistent data; and overcoming information challenges in policy design. Many of these directions involve an improved ability to describe land use outcomes and exemplify a key advantage of rigorous economic analysis. Another focus is on more sophisticated models that explain how people sort on the landscape. Integrated modeling of human and ecological processes involves both cross-fertilization across land-related economics fields and integration with models outside economics. The increasing recognition that land use patterns, economic growth, and the spatial distribution of economic activities and environmental impacts are highly interdependent has led to a convergence of interest among land economists working in several fields.

Keywords: integrated, structural models, simulation, econometrics, experimental economics

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