USING RIGHTS OF FIRST REFUSAL FOR FARMLAND RETENTION
Resource information
Date of publication
December 2001
Resource Language
ISBN / Resource ID
AGRIS:US2016203260
How can rights of first refusal protect prime agricultural land? This paper develops a theory for valuing rights of first refusal based on compensation for foreclosing future demand, information asymmetry, and advance purchase of market share. A procedure is developed for governments to use these rights to prevent conversion.
