Land and Real Estate Economics: Pricing and Development

This lecture covers the determination of land prices based on building prices, the countdown method used by developers to assess their willingness to pay for land, the impact of building rights on land prices, and the relationship between land and property prices. It also explores the concept of land incidence, the value of non-buildable land, and the chain of value in land development. The instructor discusses the factors influencing land prices, such as building density rights and the role of developers in the land value chain.