论联合价格与产量不确定性下的李嘉图地租与土地配置

On the Ricardian rent and the allocation of land under joint price and yield uncertainty

European Review of Agricultural Economics · 2004
被引 2
人大 A-ABS 3

中文导读

研究了在价格和产量同时不确定且生产者追求预期效用最大化时,李嘉图地租的比较静态性质,发现价格与产量负相关性的增强对均衡地租的影响取决于生产者的相对风险厌恶程度。

Abstract

A result on the comparative statics of land rent under joint price and yield uncertainty and expected utility maximisation is provided. An increase in the strength of the negative price–yield dependence is modelled using the concordance stochastic order. The effect of a greater price–yield dependence on equilibrium rent depends on the degree of producer risk aversion. Specifically, rent increases (decreases) under an increase in negative dependence between price and yield if the relative risk aversion is greater (less) than one and non-farm income is less (greater) than production costs.

李嘉图租金土地配置价格-产量不确定性风险厌恶