Land development and preservation over time and under uncertainty: a review and a research agenda

The combination of a rising interest in sustainable natural resource use and the increasingly fractious nature of the interactions between developers and preservationists has led to renewed interest in the question of appropriate natural resource management. In this paper I consider the question of land development and preservation over time and under uncertainty. I first review the extant literature and then I discuss its shortcomings. Next, I propose a research agenda which will enable us to shed light on some important management questions faced by land developers. (C) 1998 Elsevier Science B.V. All rights reserved.