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	Provedor de dados AgEcon (1) Autor LaFrance, Jeffrey T. (1) Tack, Jesse B. (1) Palavra-chave Adjustment Costs (1) Agricultural Finance (1) Arbitrage (1) Asset Pricing (1) Capital (1) Consumer/Household Economics (1) Cost Function (1) Crop Production/Industries (1) Farm Management (1) Farmland (1) Financial Economics (1) Land Economics/Use (1) Production (1) Production Economics (1) Risk (1) Risk and Uncertainty (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2010 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Agricultural Arbitrage, Adjustment Costs, and the Intensive Margin AgEcon Tack, Jesse B.; LaFrance, Jeffrey T.. Farmland and capital are an important and rapidly expanding component of the agricultural economy, and empirical evidence suggests that these assets are quasi-fixed in that adjustment costs are incurred when holdings are altered. Increased interest in the rate of return for investing in farmland suggests that an important consideration is the effect of adjustment costs on this return. A novel theoretical model is developed that ties together contributions from the farmland pricing and adjustment cost literatures, and the first order conditions for a utility maximizing decision maker are rearranged into intertemporal arbitrage equations that are similar in spirit to traditional finance models. The common assumptions that land and capital are quasi-fixed... Tipo: Conference Paper or Presentation Palavras-chave: Arbitrage; Adjustment Costs; Farmland; Asset Pricing; Capital; Cost Function; Risk; Production; Agricultural Finance; Consumer/Household Economics; Crop Production/Industries; Farm Management; Financial Economics; Land Economics/Use; Production Economics; Risk and Uncertainty. Ano: 2010 URL: http://purl.umn.edu/56412 Registros recuperados: 1 Primeira ... 1 ... Última

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