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Showing items 1 through 9 of 27.
  1. Library Resource
    Documents de politique et mémoires
    décembre, 2000
    Paraguay

    The effects of property rights on investment are typically hypothesized to occur through a security-induced investment demand and a collateral-based credit supply. Using a two period model, this paper shows that for farms that are constrained in their access to liquidity, the investment demand effect will itself induce an increase in the endogenous shadow price of liquidity. Other things equal, this induced increase in the price of liquidity will discourage capital accumulation, and that the desired stock of expropriation-immune movable capital may decrease with tenure security.

  2. Library Resource
    Documents de politique et mémoires
    décembre, 2000

    While agricultural land preservation programs seek to maximize number of acres, to preserve productive farms, to preserve contiguous farms, and to preserve threatened farms, they are often evaluated solely on the number of acres preserved. Using a Farrell efficiency analysis, preserved parcels in four Maryland counties were evaluated for all four goals. Comparisons are made between program Econometric analysis used these efficiency measures as dependent variables. Parcel size and productive farms were the most frequently used criteria to determine efficiency.

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