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A Dynamic Analysis of Land Prices
14 references·3 citing·37 second hop
A Dynamic Analysis of Land Prices (1999)A Dynamic Analysis of Land PricesCapital Markets: Theory and Evidence (2003)Capital Markets: Theory and E…The Equity Premium: It's Still a Puzzle (1996)The Equity Premium: It's Stil…Changing Time Attitudes in Intertemporal Analysis (1996)Changing Time Attitudes in In…Understanding Farmland Price Changes (1993)Understanding Farmland Price …The Inconsistency of Land Values, Land Rents, and Capitalization Formulas (1993)The Inconsistency of Land Val…Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis (1991)Substitution, Risk Aversion, …Formally Testing the Present Value Model of Farmland Prices (1991)Formally Testing the Present …Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Substitution, Risk Aversion, …Econometric Modeling of the Capitalization Formula for Farmland Prices (1986)Econometric Modeling of the C…An Analysis of Growth of U.S. Farmland Prices, 1963–82 (1986)An Analysis of Growth of U.S.…Capital Gains versus Current Income in the Farming Sector (1979)Capital Gains versus Current …An intertemporal asset pricing model with stochastic consumption and investment opportunities (1979)An intertemporal asset pricin…An Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…Stationary Ordinal Utility and Impatience (1960)Stationary Ordinal Utility an…La capitalisation du prix des vins dans le prix des vignes en Côte-d’Or (2023)La capitalisation du prix des…DYNAMIC MICROECONOMETRIC APPROACHES TO ANALYSING AGRICULTURAL POLICY (2008)DYNAMIC MICROECONOMETRIC APPR…Transaction Costs and the Present Value "Puzzle" of Farmland Prices (2002)Transaction Costs and the Pre…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)Fallacy of the log-normal approximation to optimal portfolio decision-making over many periods (1974)The Capital Asset Pricing Model and the Investment Horizon (1977)Asset Pricing in a Production Economy with Incomplete Information (1986)Asset Prices in an Exchange Economy (1978)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)The Dual Theory of Choice under Risk (1987)Dynamic Asset Pricing Theory. (1993)Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)Investor Psychology and Asset Pricing (2001)The equity premium: A puzzle (1985)Optimal Investment, Growth Options, and Security Returns (1998)The Economics and Psychology of Personality Traits (2008)Expected Stock Returns and Variance Risk Premia (2009)THE FINANCIAL AND TAX EFFECTS OF MONETARY POLICY ON INTEREST RATES (1975)Applied Environmental Economics: A GIS Approach to Cost-Benefit Analysis (2003)The Impacts of Different Farm Programs on Cash Rents (2003)Land use regulations and the value of land and housing: An intra-metropolitan analysis (2014)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)A Theory of the Term Structure of Interest Rates (1985)Efficient Capital Markets: II (1991)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Common risk factors in the returns on stocks and bonds (1993)Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment (1973)The Econometric Analysis of Time Series. (1983)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)The Cross-Section of Expected Stock Returns (1992)An Examination of Farm Sector Real Asset Dynamics: 1910–85 (1987)The Determinants of the Migration of Labor out of Agriculture in the United States, 1940–85 (1990)Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives (1986)Handbook of Emotions (1993)Time series properties of an artificial stock market (1999)Nonparametric risk management and implied risk aversion (2000)Financial Markets and the Real Economy (2005)
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References

  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 1989Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework4,270 cited
  • 1979An intertemporal asset pricing model with stochastic consumption and investment opportunities2,694 cited
  • 1991Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis1,703 cited
  • 1960Stationary Ordinal Utility and Impatience1,550 cited
  • 1996The Equity Premium: It's Still a Puzzle944 cited
  • 2003Capital Markets: Theory and Evidence275 cited
  • 1986Econometric Modeling of the Capitalization Formula for Farmland Prices250 cited
  • 1979Capital Gains versus Current Income in the Farming Sector226 cited
  • 1986An Analysis of Growth of U.S. Farmland Prices, 1963–82183 cited
  • 1993Understanding Farmland Price Changes174 cited
  • 1991Formally Testing the Present Value Model of Farmland Prices161 cited
  • 1993The Inconsistency of Land Values, Land Rents, and Capitalization Formulas113 cited
  • 1996Changing Time Attitudes in Intertemporal Analysis17 cited

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  • 2002Transaction Costs and the Present Value "Puzzle" of Farmland Prices

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25 cited
  • 2008DYNAMIC MICROECONOMETRIC APPROACHES TO ANALYSING AGRICULTURAL POLICY19 cited
  • 2023La capitalisation du prix des vins dans le prix des vignes en Côte-d’Or0 cited