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The Ricardian Rent and the Allocation of Land under Uncertainty.

Risk and risk aversion are introduced in a Ricardian model of the pricing and allocation of land. The rental price of land and agricultural production decisions are analysed in a market equilibrium context. It is shown how uncertainty influences the Ricardian rent, farm output, the average productivity of the land, and the nature of market equilibrium. Copyright 1993 by Oxford University Press.
Year of publication:
1993
Authors: Chavas, Jean-Paul
Published in:
European Review of Agricultural Economics. - European Association of Agricultural Economists - EAAE, ISSN 1464-3618. - Vol. 20.1993, 4, p. 451-69
Publisher: European Association of Agricultural Economists - EAAE
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10005559929
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