IDEAS home Printed from https://ideas.repec.org/a/oup/erevae/v26y1999i1p19-37.html
   My bibliography  Save this article

Old Age Security and Inter-Generational Transfer of Family Farms

Author

Listed:
  • Pesquin, Claudio
  • Kimhi, Ayal
  • Kislev, Yoav

Abstract

This paper offers an economic analysis of the intra-family insurance aspect of farm transfer. Sharing of farm income by retired parents with their succeeding children may act like a pension fund. A theoretical model is adopted and a bargaining game suggested to formulate this inter-generational contract. The model is illustrated with data for family farms in a co-operative village in Israel, and the effect of farm-specific parameters (size, risk aversion, sale value of the farm) on the inter-generational distribution of farm wealth is demonstrated. Copyright 1999 by Oxford University Press.

Suggested Citation

  • Pesquin, Claudio & Kimhi, Ayal & Kislev, Yoav, 1999. "Old Age Security and Inter-Generational Transfer of Family Farms," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 26(1), pages 19-37, March.
    • Handle: RePEc:oup:erevae:v:26:y:1999:i:1:p:19-37
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
    2. Richard E. Just & Rulon D. Pope, 1979. "Production Function Estimation and Related Risk Considerations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 276-284.
    3. Ayal Kimhi, 1995. "Differential Human Capital Investments and the Choice of Successor in Family Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(3), pages 719-724.
    4. Kislev, Yoav & Leerman, Zvi & Zusman, Pinhas, 1991. "Recent Experience with Cooperative Farm Credit in Israel," Economic Development and Cultural Change, University of Chicago Press, vol. 39(4), pages 773-789, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kimhi, Ayal, 2014. "Are Migrant Agricultural Workers Replacing the Local Workforce?," Discussion Papers 290033, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    2. Kimhi, Ayal, 2015. "Is foreign farm labor a blessing or a curse? Evidence from Israel," 2015 Conference, August 9-14, 2015, Milan, Italy 211852, International Association of Agricultural Economists.
    3. Maurizio Zanardi, 2004. "Antidumping law as a collusive device," Canadian Journal of Economics, Canadian Economics Association, vol. 37(1), pages 95-122, February.
    4. M. Hinojosa & A. Mármol & J. Zarzuelo, 2008. "Inequality averse multi-utilitarian bargaining solutions," International Journal of Game Theory, Springer;Game Theory Society, vol. 37(4), pages 597-618, December.
    5. Matsui, Kenji, 2020. "Optimal bargaining timing of a wholesale price for a manufacturer with a retailer in a dual-channel supply chain," European Journal of Operational Research, Elsevier, vol. 287(1), pages 225-236.
    6. Simon G�chter & Arno Riedl, "undated". "Moral Property Rights in Bargaining," IEW - Working Papers 113, Institute for Empirical Research in Economics - University of Zurich.
    7. H Peyton Young, 2014. "The Evolution of Social Norms," Economics Series Working Papers 726, University of Oxford, Department of Economics.
    8. Erkki Koskela & Ronnie Schöb, 2002. "Alleviating Unemployment: The Case for Green Tax Reforms," Chapters, in: Lawrence H. Goulder (ed.), Environmental Policy Making in Economies with Prior Tax Distortions, chapter 20, pages 355-378, Edward Elgar Publishing.
    9. Magni, Carlo Alberto, 2009. "Splitting up value: A critical review of residual income theories," European Journal of Operational Research, Elsevier, vol. 198(1), pages 1-22, October.
    10. Stefano Vannucci, 2015. "La teoria dei giochi e John Nash," Department of Economics University of Siena 722, Department of Economics, University of Siena.
    11. Roland Kirstein & Matthias Peiss, 2013. "Quantitative Machtkonzepte in der Ökonomik," FEMM Working Papers 130004, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    12. Francis Tsiboe & Jesse Tack, 2022. "Utilizing Topographic and Soil Features to Improve Rating for Farm‐Level Insurance Products," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(1), pages 52-69, January.
    13. Michael Carter & Julian Wright, 1999. "Interconnection in Network Industries," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 14(1), pages 1-25, February.
    14. Laruelle, Annick & Valenciano, Federico, 2008. "Noncooperative foundations of bargaining power in committees and the Shapley-Shubik index," Games and Economic Behavior, Elsevier, vol. 63(1), pages 341-353, May.
    15. Thomas M. Humphrey, 1996. "The early history of the box diagram," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 37-75.
    16. Omer F. Baris, 2018. "Timing effect in bargaining and ex ante efficiency of the relative utilitarian solution," Theory and Decision, Springer, vol. 84(4), pages 547-556, June.
    17. Izat B. Baybusinov & Enrico Maria Fenoaltea & Yi-Cheng Zhang, 2022. "Negotiation problem," Papers 2201.12619, arXiv.org.
    18. Bergantiños, Gustavo & Moreno-Ternero, Juan D., 2022. "Monotonicity in sharing the revenues from broadcasting sports leagues," European Journal of Operational Research, Elsevier, vol. 297(1), pages 338-346.
    19. Nathan D. DeLay & Nathanael M. Thompson & James R. Mintert, 2022. "Precision agriculture technology adoption and technical efficiency," Journal of Agricultural Economics, Wiley Blackwell, vol. 73(1), pages 195-219, February.
    20. Yoshihara, Naoki, 2003. "Characterizations of bargaining solutions in production economies with unequal skills," Journal of Economic Theory, Elsevier, vol. 108(2), pages 256-285, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:erevae:v:26:y:1999:i:1:p:19-37. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/eaaeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.