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A Game Theoretic Framework for Cooperative Benefits in South Africa’s Land Redistribution Process: A Case of Northern Kwa-Zulu Natal Sugarcane Farmland Transfers AgEcon
Mbatha, C. Nhlanhla; Antrobus, G.G..
A good indicator of successful farm redistribution cases has to be the continuation of viable productivity rates in their post transfer periods. Continued productivity benefits all the stakeholders that are involved in the process. Unfortunately negative productivity levels have been reported in numerous South African land redistribution transfers in recent years. A game theoretic perspective is adopted to argue that cooperation among key stakeholders, which could be enforced through long term contracts between a land buyer, sellers and new owners, would lead to higher productivity levels and other benefits. Additional benefits would, for example, include market related prices paid by a buyer. Sugarcane farm transfer cases from two municipality districts...
Tipo: Journal Article Palavras-chave: Sugarcane; Farms; Redistribution; Productivity; Cooperation; Games; Land Economics/Use; Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/96156
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PRICING STRATEGY UNDER MONOPOLY CONDITIONS: AN EXPERIMENT FOR THE CLASSROOM AgEcon
Nelson, Robert G.; Beil, Richard O., Jr..
This classroom experiment allows students to explore pricing strategies available to the monopolist. Students are given full information about their costs but know nothing about demand except that it is simulated by the instructor. They submit their price-asked and quantity-offered records on one day and receive the quantity-sold response from the instructor on the next day, continuing this routine until they discover the profit-maximizing price and quantity. One of the objectives is to demonstrate that search strategies based on economic principles (MC=MR) can be more efficient than trial-and-error.
Tipo: Journal Article Palavras-chave: Experimental economics; Games; Monopolistic; Teaching; Demand and Price Analysis; Teaching/Communication/Extension/Profession.
Ano: 1994 URL: http://purl.umn.edu/15420
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