Song, Feng; Zhao, Jinhua; Swinton, Scott M. - Agricultural and Applied Economics Association - AAEA - 2010
a land conversion model to show how the subsidies that are expected net present value (ENPV) equivalent can change a … representative farmer’s optimal land conversion rules differently for converting land into an alternative use as well as converting … out of it. This is because these subsidies affect the land conversion costs, land return level and uncertainty differently …