The Farm Lease: An Analysis of Owner-Tenant and Landlord Preferences under Risk

Autor:	Jeffrey Apland, Robert N. Barnes, Fred Justus
Rok vydání:	1984
Předmět:	Microeconomics Economics and Econometrics Lease Actuarial science Leasehold estate Landlord Business Agricultural and Biological Sciences (miscellaneous) Multiple objective programming Selection (genetic algorithm) Variety (cybernetics)
Zdroj:	American Journal of Agricultural Economics. 66(3):376-384
DOI:	10.2307/1240805
Popis:	A variety of farm lease terms are examined with respect to the preferences of an owner-tenant and landlord under risk. The owner-tenant's optimal crop mix is examined for six common leasing arrangements. A variant of the MOTAD model is used to derive the optimal crop mix for a risk-neutral and risk-averse owner-tenant. For two share leases, the trade-offs between the owner-tenant's and landlord's preferences are examined with each agent given neutral and averse risk postures. Results suggest the importance of mixed tenancy and risk in the selection of lease terms for farm land.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::31a074720ab7103aaaee172da1d1ed30 http://hdl.handle.net/10.2307/1240805 Zobrazit plný text záznamu Plný text ve formátu PDF