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Reswitching in a Model of Extensive Rent
Reswitching in a Model of Extensive Rent
ROBERT L. VIENNEAU
This article presents an example of the reswitching of the order of fertility and of the order of rentability. Whether or not these orders differ from one another varies with distribution for certain parameter ranges in the example. This analysis emphasizes that more rent per acre is not necessarily associated with more fertile land and that the ranking of lands by fertility cannot, in general, be determined from only data on physical inputs and outputs for the available processes.
Volume :- No.16 (2022)
Issue No :- 2(2022)
Pages :- 133-146