Abstract
Opportunity costs of land should be treated differently, depending on whether the alternative use involves tapping of flows or exploiting stock resources. Calculating opportunity costs may require specialist knowledge of alternative land uses. Complications arise because other land uses may have externalities, because of ripple effects, and because of the uncertainty of the future. Landscape economists may need to have an outline knowledge of such things, but should be prepared to consult specialists.
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Price, C. (2017). Opportunity Costing of Land: For Landscape Professionals, or for Land Economists?. In: Landscape Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-54873-9_3
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DOI: https://doi.org/10.1007/978-3-319-54873-9_3
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