Land Prices Substantially Underestimate the Value of Environmental Quality: A Rejoinder

The Review of Economics and Statistics, Vol. 62, February 1980, (with W. A. Niskanen)

1 Pages Posted: 26 Apr 2013 Last revised: 4 May 2013

See all articles by William A. Niskanen

William A. Niskanen

Cato Institute

Steve H. Hanke

Johns Hopkins University - Department of Economics

Abstract

A response to a comment made by Meryck Freeman on the paper of the same name. We believe that the value of benefit flows to private investors and local governments is based on the actual interest rates which each faces, not the "correct" rates which each should face.

Keywords: Hanke, Niskanen, Land, Prives, Substantially, Underestimate, The Value Of Environmental Quality Review, Economics, Statistics

Suggested Citation

Niskanen, William A. and Hanke, Steve H., Land Prices Substantially Underestimate the Value of Environmental Quality: A Rejoinder. The Review of Economics and Statistics, Vol. 62, February 1980, (with W. A. Niskanen) . Available at SSRN: https://ssrn.com/abstract=2255018

William A. Niskanen

Cato Institute ( email )

1000 Massachusetts Avenue, N.W.
Washington, DC 20001-5403
United States
202-789-5236 (Phone)
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Steve H. Hanke (Contact Author)

Johns Hopkins University - Department of Economics ( email )

3400 Charles Street
Baltimore, MD 21218-2685
United States
410-516-7183 (Phone)
410-516-8996 (Fax)

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