This article solves and characterizes optimal decision rules to invest in irreversible land improvements conditional on land tenure insecurity. Economic model is a normative dynamic programming model with known parameter for the one period returns and transition equations. The decision rules are solved numerically conditional on alternative scenarios on the likelihood that the lease contract and, thus, farmer access to land is either renewed or expires. The model parameters represent Finnish soil quality and production conditions.

We examine the ongoing transition from centrally planned to market agriculture in rural China. In particular, we examine the devolution of land rights from village governments to villagers and the corresponding evolution of tenure security in agricultural land. We find econometric support for the statistical and economic importance of four explanations for local government behavior.

This paper examines the economic impact of selected farmland characteristics on the appraised value of development rights. Price elasticities are estimated for the size and location of farmland parcels, the amount of road frontage, the existence of panoramic views, and the distance to urban centers. Estimated elasticities suggest that parcel characteristics have a substantial impact on the cost of preserving farmland.

Atemporal and intertemporal use of public lands, the determination of optimal levels of wilderness designation and habitat preservation, and the appropriate regulation of natural resources have all been "hot button" issues in the American West for quite some time now. In this paper, I propose and describe a research agenda which promises to yield interesting and useful new policy insights into these fractious resource issues.

In course of the research there were considered the problems of the land taxation. Special role of land tax in the system of rationalization of land use was revealed. The experiences of different countries about land taxes were analyzed. As a result of realized research it was offered the transformation of the taxation system of immovable, including the land, based on imposition of single tax on the immovable for the conditions of the Republic of Belarus.

The study is aimed at the analysis of the situation in the agricultural land market in Poland, including the identification and description of factors affecting the turnover and rules governing the trade in farmland and the influence of the Agricultural Property Agency on the supply and demand relationships in trade in agricultural land. The main and critical factors affecting the demand-supply relations in the market are identified.

Implementing the land reform, territories of farms were quite often formed of several - up to 20 - land plots, frequently with disadvantageous borders. With reorganization of production of the farms, rural development and activities of land market, importance and tasks of rational territory organization will grow. Besides, it can be forecasted that, as a result of land rent and further buy-sell and other transactions, many new farmland properties and land uses are going to appear which might not correspond to the requirements of rational territory organization.

This paper argues that law and economics has not come to grips with Arrow's limitation on social welfare economics nor with the evolutionary character of economic and legal institutions. Arrow's theorem makes the concept of a socially efficient economic institution dependent on a prior allocation of property rights. A socially efficient result is efficient only within the bounds of the initial allocation of property rights. A differing initial

Still, more agricultural land is getting abandoned in Slovenia, specially in less favored areas. Such process of degradation of fertile land is most intensively present in the Obalno-kraska region and Goriska. Similar happens with grassland in mountain region as less and less animals which are suitable for that region are bred there. To prevent brush encroachment and to start recultivation of aban

The potential contribution of land based financing to the development of sustainable and equitable cities and properly serviced communities is often underestimated. Land based financing is a collective name given to a range of instruments by which local governments could expand their revenue base and generate funds that will help them to deliver services and infrastructure development and achieve their maintenance goals.

Mongolia has very significant natural resources and a large part of the population is dependent on them for their daily living. The impact of the state of the environment on the living standards of herders is obvious, but also Mongolians living in the capital Ulaanbaatar have learned that air pollution, especially in winter, and other environmental problems have a deep impact on their living standards. The Government of the Netherlands has established a Trust Fund at the World Bank to support environmental activities in Mongolia.