Effects of Socio-Institutional and Emotional Factors of Japanese Farmland Rental Transactions Reportar como inadecuado




Effects of Socio-Institutional and Emotional Factors of Japanese Farmland Rental Transactions - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

Farmland reallocation between farmers through rental transactions is critical for improving Japanese rice productivity. This study examined effects of socio-institutional and emotional factors as well as economic factors on rental transactions. A stochastic choice model was applied to contingent valuation data by considering regional heteroscedasticity. Empirical results showed (1) existence of economic inefficiencies, 3% loss of economic surplus due to socio-institutional restriction, which is probably reflected in transaction costs; (2) a 15% reduction in surplus due to emotional reluctance of farmers; and (3) strong influences of rice price, wages, and geographical location on the rental rate and agreement level.

Keywords: contingent valuation questionnaire ; economic inefficiency ; regional heteroscedasticity ; rental agreement level ; rental rate ; stochastic choice model

Subject(s): Crop Production/Industries

Institutional and Behavioral Economics

Land Economics/Use

Issue Date: 2006-04

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/43747 Published in: Journal of Agricultural and Applied Economics, Volume 38, Number 1 Page range: 33-46

Total Pages: 14

JEL Codes: C25; D44; Q12; Q15; Q38; R58

Record appears in: Southern Agricultural Economics Association (SAEA) > Journal of Agricultural and Applied Economics





Autor: Kunimitsu, Yoji

Fuente: http://ageconsearch.umn.edu/record/43747?ln=en



DESCARGAR PDF




Documentos relacionados