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The aim of this article is to present new models of acreage choices to describe short term production choices. Its construction combines concepts developed in the Positive Mathematical Programming and Multicrop Econometric literatures. They consider land as an allocable fixed input and motivate...
Persistent link: https://www.econbiz.de/10008765043
[paper in French]In France, access to land is heavily regulated by government policies and the status of the tenancy: the counterpart of this restriction of freedom is the relative stability of farmland prices. Unlike in many countries of the European Union the price of land continues to...
Persistent link: https://www.econbiz.de/10010936502
The Multinomial Logit (MNL) framework has been used in the agricultural production economics literature to model acreage share choices, crop decisions or land use decisions. This article extends the pioneering works of Caswell and Zilberman (1985) and of Wu and Segerson (1995) by developing...
Persistent link: https://www.econbiz.de/10008559256