第47章 佃农理论英语原著 41
- 作者:张五常
- 类型:短篇文学
- 更新:07-04 15:13:03
- 字数:5582
,however,the(q-f)/,(q-f)/h,theownerwillnowmaximize(q/h)
subjecttotheconstraintoff/www.youxs.org(ar/ap)islegallyreducedto
,rcentage,regardlessofwhethertheinitialcontractisforfixedorsharerent.[1]Thecorrespondingshareforthetenantwillbe.
,/hratioassociatedwithlandholdingobaftertheadjustment,,t,,nonlandinputsinvestedintenantfarmsasaresultofthesharerestrictionwillyieldreturnsataratelessthantheinterstrate.
,ifthetenantwagerateislowenoughtoformf*/h,andgiventheconstraintsandassumptionsspecified,,thelandownerwillreducelandsizetooc,where(q/h)
isatamaximumandwherethemarginalproductoftenantlabor(the”other”factor)willbezero.[2]Thetenantwillthenbereceivingaresidualine(whichequalsijtimesoc),anamountwhichthelandownercouldextractinalumpsum(apensatingpaymentwhichweassumeaway).
Butfirstcertainassumptionsmustbespecified.(1)Aftertheimpositionof
,assumethatthereisnopensating(offsetting),theownersinefromlandisconfinedstrictlyto
oftheannualyield.(2)Foranalyticalconvenience,(3),assumezerotransactioncosts.
Itfollowsthattomaximizehisinefromlandsubjecttothelegalconstraintofrentalsharereduction,(a)theownercansuccessfullyinducethetenanttomitmorefarminginputsaslongasthetenantreceivesafarminginegreaterthanhisalternativeearning(sinceotherpotentialtenantswilloffertodoso);and(b)providedthatcondition(a)holds,thelandownerwillinducemoreintensivefarmingaslongasthemarginalreturntoadditionaltenantinputsisgreaterthanzero,fortherentalineunderthes(a),wehavethenon-landcostconstraint;in(b),wehavethelimitofthephysicalconstraint,namely,,simplydefinedhereasanincreaseinf/h,theamountofnonlandfarminginputs(ornonlandfarmingcost,f),andweshallanalyzethematsomelength.
Undertheadditionalconstraintof
/hisarectangularhyperbola,representingthecontractuallystipulated(fixed)costoftenantinputs,f,dividedbythelandholding,www.youxs.org,
associatedwiththeconstanttenantinputs,therentperunitofland,(q-f)/h,,where(q-f)/hisatamaximum,andtheopenmarketrentalpercentageequalsar/ap.
Withoutresourcereallocation,therentperunitoflandwillnowbeaeinsteadofar,andthetenantsinewillbeattimesoa,(q/h)
,thelandownercanreducethetenantslandholdingtoobwithoutreducingtenantinputs,subjecttothenonlandcostconstraint,f/www.youxs.org(nonland),,thelandownercanparcelittoothertenantsinasimilarmanner,cultivateithimself,orhirelaborerstotillit(thislastpossibilitywasrestrictedinTaiwan).Theresult,underthestrictlyenforcedshareconstraint,isaresourcereallocationtoahigherf/hratiointenantfarms,oranincreaseintenantfarmingintensityoverthatinanunrestrainedmarket.
Theeconomicimplicationsofincreasingf/,land,h,andtenantlabor,www.youxs.org,
www.youxs.org—IllustratedwithInputAdjustmentsforOneTenantFarm
Theincreaseoffarmi,whilepetitionallowsthelan,whilepetitioninducesmoretenantinputsoverthegivenland,,,;
阅读佃农理论(英语原着)最新章节 请关注热血小说网(www.oaksh.cn)
作者推荐阅读:
【从婴儿开始入道】【明日方舟之铁与血】【都市第一至尊】【美漫从渣康学徒开始】【娘娘总是体弱多病】【从研发易筋经开始登临彼岸】【龙王传说世界的天才玩家M】【谁让他修仙的!】【诸天从小阴间开始】【踏星】【职场沉浮录】【理综挂科后我被迫屠龙了】【黄昏分界】【摆烂太狠,我被宗门当反面教材了】【我怎么就成F1车手了?】【神州战神】【港综从怒火重案开始】【流浪诸天的剑客】【天黑请下凡】【诡盗奇谈】【诡道求仙,从将自己炼成傀儡开始】【美利坚名利双收】【逆天宰道】【神算小村医】【说好一起种地,你却偷偷去御兽?】【烽火从壮士出川开始】【飞升之后】【究极传导恐兽屹立在斗罗大陆之上】【天龙八部之行云覆雨】【全职高手之机械之王】