Dasgupta, S. (author), Knight, T.O. (author), Devadoss, S. (author), and Love, H.A. (author)
Format:
Conference paper
Publication Date:
1998-09
Published:
USA
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 107 Document Number: C10134
Notes:
search from AgEcon., American Agricultural Economics Association Annual Meeting, August 2-5, 1998, Salt Lake City, Utah. 13 pages; Adobe Acrobat PDF 83K bytes., Share contracts under information asymmetry often involve input application and risk sharing inefficiency. These
difficulties are nullified under full information which can be approximated in repeated contracts. We give evidence of
cooperation in repeated contracts, indicating the existence of full information efficiency and efficient resource use, despite
underlying information asymmetry.
Adelaja, Adesoji O. (author), Andrews, Margaret S. (author), Lopez, Rigoberto A. (author), and Assistant professors, Department of Agricultural Economics and Marketing, Cook College, Rutgers University
Format:
Journal article
Publication Date:
1988-05
Published:
USA
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 84 Document Number: C05362
AGRICOLA IND 88023274, Abstract: This article conceptualizes the effects of suburban population density and land speculation on agricultural production choices, prices, and profits. A dual profit function model and a system of reduced-form price equations are used to estimate these effects for New Jersey. Results show that vegetable production is the only subsector to benefit from suburbanization, while livestock is the most adversely affected. Suburbanization reduces responsiveness to agricultural prices and discourages capital and land use. The overall impact on profits is positive when capital gains on land are included. Policy implications for farmland preservation and "right to farm" legislation are discussed.
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 148 Document Number: C23818
Notes:
"Wednesday Edition" via Poynteronline. 3 pages, Advice to reporters about covering conflict between the Bush Administration and environmental interest groups about policies for thinning forests.
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 107 Document Number: C10135
Notes:
search from AgEcon., ERI Study Paper 95-13. September 1995 10 pages; Adobe Acrobat PDF 57K bytes, In a two-period model, economists such as K.J. Arrow, A.C. Fisher, and C. Henry, have shown that when development is both indivisible and irreversible, a developer who ignores the possibility of obtaining new information about the outcome of such development will invariably underestimate the benefits of preservation and hence favor development. In this note, I extend the AFH analysis in two directions. I model the land development problem in a dynamic framework, explicitly specifying an information production function. In such a setting, I then ask and answer the question concerning when development should take place. JEL Classification: D82, Q20 Key words: development, dynamic, information, uncertainty
Forthcoming in Journal of Environmental Management
