Data/hora: 02/06/2024 02:39:47

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | Land Improvements Under Land Tenure Insecurity: The Case of Liming in Finland
Autores: | Myyra,   Sami; Pietola,   Kyosti.
Data: | 2005-08-16
Ano: | 2005
Palavras-chave: | Land tenure; Liming; Land Economics/Use.
Resumo: | This article solves and characterizes optimal decision rules to invest in irreversible land improvements conditional on land tenure insecurity. Economic model is a normative dynamic programming model with known parameters for the one period returns and transition equations. The optimal decision rules for liming are solved numerically, conditional on alternative scenarios on the likelihood that the lease contract and, thus, farmer access to land is either renewed or expired. The model parameters represent Finnish soil quality and production conditions. The results suggest that irreversible liming decreases quickly and the yields decline gradually, when the farmer is confronted with land tenure insecurity caused by uncertain renewal of the lease contract. The results are confirmed via empirical results.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês

Identificador:

17158

http://purl.umn.edu/24418

Editor: | AgEcon Search

Relação:

European Association of Agricultural Economists&gt;94th Seminar, April 9-10, 2005, Ashford, UK

Seminar Paper

Formato:

12

application/pdf