1. Bahan kajian MK. STELA.smno, jtnh fpub Mei 2014
VALUASI EKONOMI
SUMBERDAYA LAHAN
Bahan kajian MK. STELA.smno, jtnh fpub Mei 2014

2. PASAR LAHAN DAN SUMBERDAYA ALAM

3. Fixed supply of land (to all uses)
The supply of land to all uses is fixed
Owners receive economic rent

4. Land supply to a given use
The supply of land to a given use is upward sloping
Land is shifted to its most valuable use (subject to restrictions in zoning laws, etc.)

5. Renewable and nonrenewable resources
nonrenewable resources (also known as exhaustible resources) have a finite supply that is depleted as the resource is consumed
renewable resources – can be replenished by producers

6. Price of a nonrenewable resource over time
Price changes over time for nonrenewable resource:
Owner may sell a unit today or sell it later at a higher price
Owner supplies more today if the expected rate of price increase is less than the interest rate:
leads to lower price today and higher price later
Owner supplies less today if the expected rate of price increase exceeds the interest rate:
leads to higher price today and lower price later
In equilibrium – rate of price change = interest rate