2001
DOI: 10.2307/3146978
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An Analysis of the Influence of Location in the Market for Undeveloped Urban Fringe Land

Abstract: ABSTRACT. This paper blends and extends the Colwell and Munneke (1997) and Isakson (1997)

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Cited by 17 publications
(6 citation statements)
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“…Changes to a municipality's density are partly related to the amount and density of unincorporated (fringe) area that is annexed over time. Although the rural^urban fringe is the likely location for most boundary problems and municipal expansion, (Bately and Smith, 1981), annexation is only briefly mentioned in studies examining fringe environments (Bryant et al, 1982;Daniels, 1999;Isakson and Ecker, 2001;Pond and Yeates, 1994). For example, a study focused on the market for undeveloped urban fringe properties did not consider increases in municipal territory (1) Densification is a term used by Fonseca and Wong (2000, page 509) and adopted for this paper.…”
Section: Literature Review and Contextmentioning
confidence: 99%
“…Changes to a municipality's density are partly related to the amount and density of unincorporated (fringe) area that is annexed over time. Although the rural^urban fringe is the likely location for most boundary problems and municipal expansion, (Bately and Smith, 1981), annexation is only briefly mentioned in studies examining fringe environments (Bryant et al, 1982;Daniels, 1999;Isakson and Ecker, 2001;Pond and Yeates, 1994). For example, a study focused on the market for undeveloped urban fringe properties did not consider increases in municipal territory (1) Densification is a term used by Fonseca and Wong (2000, page 509) and adopted for this paper.…”
Section: Literature Review and Contextmentioning
confidence: 99%
“…Applications of Lee's method with regards to the estimation of land prices, along with detailed explanations of the selection model can 7 There is overwhelming empirical evidence of a concave function between urban land price and parcel size over time and across different markets. For example, see Brownstone and DeVany (1991), Colwell and Munneke (1997), Colwell and Scheu (1994), Isakson and Ecker (2001), McMillen andMcDonald (1989, 1991), and Munneke (1996). There is an alternative viewpoint, termed the Mickey Mouse Problem by Oi (1971), that land prices are linear with a vertical intercept reflecting the price of entry into a community.…”
Section: The Price Equationmentioning
confidence: 96%
“… See Brownstone and DeVany (1991),Colwell and Munneke (1997),Colwell and Scheu (1994),Isakson and Ecker (2001),McMillen and McDonald (1989, 1991), andMunneke (1996).…”
mentioning
confidence: 97%
“…growth (Mieszkowski and Mills, 1993). Consequently, suburban places might eventually become centers of economic activity exerting new influences on surrounding suburban and rural land use and creating further incentives for suburban expansion (Isackson and Ecker, 2001).…”
mentioning
confidence: 99%
“…1 Thus, it is expected that if rents from development exceed agricultural rents in the future, the higher rents from development will be capitalized into the current price of agricultural land (Plantinga and Miller, 2001). As development pressure intensifies following the out-migration ofpopulation and businesses to suburban areas, more land may be allocated for housing and development purposes because these economic activities might provide a better bid than competing agricultural and other rural economic activities (Isackson and Ecker, 2001).…”
mentioning
confidence: 99%