摘要:

Regression methods previously employed to study stock price movements are used to test how well the present value model under rational expectations explains farmland price movements. Based on data on farmland prices and rents (returns to landownership) covering the period 1921‐89 from three agricultural regions in the United States, the empirical results reject the present value model under rational expectations. These results suggest that farmers may be well‐characterised as displaying satisficing rather than profit‐maximising beha

ISSN:0021-857X    

DOI:10.1111/j.1477-9552.1993.tb00256.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

ISSN:0021-857X    

DOI:10.1111/j.1477-9552.1993.tb00257.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

ISSN:0021-857X    

DOI:10.1111/j.1477-9552.1993.tb00258.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

ISSN:0021-857X    

DOI:10.1111/j.1477-9552.1993.tb00259.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

ISSN:0021-857X    

DOI:10.1111/j.1477-9552.1993.tb00260.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

ISSN:0021-857X    

DOI:10.1111/j.1477-9552.1993.tb00261.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

Book reviewed in this article:BURTON, M. P. (1992). An Agricultural Policy Model for the UKGALATY, J. G. and JOHNSON, D. L. (eds.) (1991). Herding Systems in Comparative PerspectiveHALLBERG, M. C., FINDEIS, J. L. and LASS, D. A. (1991). Multiple Job‐Holding Among Farm FamiliesTISDELL, C. A. (1991). Economics of Environmental Conservation. Developments in Environmental Economics 1BIGGS, S. and FARRINGTON, J. (1991). Agricultural Research and the Rural Poor: A Review of Social Science AnalysisBRUN, A. H. and FULLER, A. M. (1992). Farm Family Pluriactivity in Western Europe: Partial Results of a Research Programme Funded by the EC Commission and National Agencies. Enstone, Oxford: Arkleton Trust (Research) Ltd. with assistance from the Ministere de l'Agriculture et de la ForêtCOLMAN, D., CRABTREE, B., FROUD, J. and O'CARROL, L. (1992). Comparative Effectiveness of Conservation Mechanisms. Manchester: Department of Agricultural Economics, Faculty of Economic and Social Studies, University of ManchesterOLSEN, W. C. (1991). Agricultural Economics and Rural Sociology: The Contemporary Core Literature. With contributions by Bellamy, M. A. and Stanton, B. FSAFADI, R. and PLUSQUELLEC, H. (1991). Research on Irrigation and Drainage Technologies: Fifteen Years of World Bank ExperienceWORLD BANK (1992). World Development Report 1

ISSN:0021-857X    

DOI:10.1111/j.1477-9552.1993.tb00262.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

ISSN:0021-857X    

DOI:10.1111/j.1477-9552.1993.tb00263.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

ISSN:0021-857X    

DOI:10.1111/j.1477-9552.1993.tb00264.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY