PRICE UNCERTAINTY AND TRADER FARMER LINKAGE
成果类型:
Article
署名作者:
FABELLA, RV
刊物名称:
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN:
0047-2727
DOI:
10.1016/0047-2727(92)90036-F
发表日期:
1992
页码:
391-399
关键词:
摘要:
We show that the Pareto superiority of loan repayment in kind within a tied credit arrangement to a cash-for-cash scheme under uncertain output price depends crucially on the farmer loan demand elasticity and his risk aversion. For the risk-neutral trader, the cash-for-cash scheme is shown to be Pareto dominated by credit tying and the price premium he offers depends on farmer loan demand elasticity.
来源URL: