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Valuing Easements: A Simple Bargaining Framework

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Abstract

The literature’s guidance on appraising easement values is limited, such as the sometimes unworkable advice to locate appropriate comparables. A simple economic analysis involving applications of bargaining theory (splitting a cooperative surplus) and game theory (anticipating other parties’ actions) might provide a viable alternative means of analysis in some easement situations.

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  • Joseph W. Trefzger & Henry J. Munneke, 1998. "Valuing Easements: A Simple Bargaining Framework," Journal of Real Estate Research, American Real Estate Society, vol. 16(2), pages 127-138.
    • Handle: RePEc:jre:issued:v:16:n:2:1998:p:127-138
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    References listed on IDEAS

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    1. Colwell, Peter F & Yavas, Abdullah, 1994. "The Demand for Agricultural Land and Strategic Bidding in Auctions," The Journal of Real Estate Finance and Economics, Springer, vol. 8(2), pages 137-149, March.
    2. Kim, Taewon, 1989. "Bidding in Real Estate: A Game Theoretic Approach," The Journal of Real Estate Finance and Economics, Springer, vol. 2(4), pages 239-251, December.
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    Cited by:

    1. Thomas Kalbro & Hans Lind, 1999. "Valuing Easements: Some Experimental Evidence," Journal of Real Estate Research, American Real Estate Society, vol. 18(3), pages 491-502.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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