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The Role of Transaction Costs and Bargaining Power in Wildlife and Landscape Services Production: A Micro-Econometric Model for Dutch Dairy Farms AgEcon
Polman, Nico B.P.; Peerlings, Jack H.M..
In this paper a theoretical and empirical model is developed for analysing the decisions of individual farmers whether or not to produce wildlife and landscape services, how much of these services to produce and form an environmental co-operative in order to reduce transaction costs or to build up bargaining power. The model is applied for Dutch dairy farmers as the main users of agricultural land in the Netherlands. Simulations show that the reduction of transaction costs makes it attractive for farmers to form an environmental cooperative in case of a fixed price for wildlife and landscape services. Therefore more wildlife and landscape services are produced and more farmers are involved compared to a situation with individual supply. If demand is no...
Tipo: Conference Paper or Presentation Palavras-chave: Wildlife and landscape management; Micro-econometrics; Transaction costs; Co-operation; Livestock Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/24948
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The Determinants of Polish Farmers' Credit Interest Rates: Hedonic Price Analysis and Implications for Government Policy AgEcon
Petrick, Martin; Latruffe, Laure.
Our micro-econometric analysis of agricultural credit market outcomes in Poland sheds new light on the relationship between contractual arrangements and interest rates. An innovative theoretical framework based on a hedonic market model is developed. We interpret the factors that influence interest rates as "quality" components of the credit contract. We use unique data including detailed information about Polish farmers' credit contracts. Both nominal interest rates and bank fees are considered. Results show that banks prefer liquid types of collateral, and care little about the loan's purpose. The effect of government subsidies on interest rates is small compared to the officially declared reduction of the nominal rate.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural finance; Credit policy; Hedonic regression; Micro-econometrics; Poland; Agricultural and Food Policy; Financial Economics; Q12; Q14; P32.
Ano: 2005 URL: http://purl.umn.edu/24757
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EMPIRICAL MEASUREMENT OF CREDIT RATIONING IN AGRICULTURE: A METHODOLOGICAL SURVEY AgEcon
Petrick, Martin.
Empirical analysis of rural credit market failure has been of key scientific and political interest in recent years. The aim of this paper is to give an overview of various methods for measuring credit rationing of farms employed in the literature. Furthermore, based on a common analytical framework entailing a formal model of a credit rationed farm household, the methods are subjected to a comparative evaluation of their specific strengths or shortcomings. Six approaches are distinguished: measurement of loan transaction costs, analysis of qualitative information collected in interviews, analysis of quantitative information collected in interviews by using the credit limit concept, analysis of spill-over effects with regard to secondary credit sources,...
Tipo: Working or Discussion Paper Palavras-chave: Agricultural finance; Credit rationing; Quantitative analysis; Micro-econometrics; Agricultural Finance; Q12; Q14.
Ano: 2003 URL: http://purl.umn.edu/14926
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