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The impact of intergenerational farm asset transfer mechanisms : an application of a life cycle model with borrowing constraints and adjustment costs

Author

Listed:
  • Euan Phimister

    (University of Aberdeen)

  • . Inra - Esr. Département d'Economie Et Sociologie Rurales

Abstract

Le transfert des biens agricoles d'une génération à l'autre peut être à l'origine de difficultés financières importantes. Les études basées sur la théorie néo-classique de la firme impliquent que ces difficultés financières n'ont pas d'effet sur l'investissement et la croissance des exploitations, contrairement à l'observation. Le modèle de cycle de vie du ménage agricole, avec contraintes d'endettement et coûts d'ajustement, permet de faire dépendre l'investissement de la structure financière et des préférences du ménage. Ce modèle est appliqué aux exploitations laitières néerlandaises en centrant l'attention sur deux mécanismes de transfert : l'achat immédiat et total de tous les biens, et le transfert total des biens, mais avec achat progressif.

Suggested Citation

  • Euan Phimister & . Inra - Esr. Département d'Economie Et Sociologie Rurales, 1991. "The impact of intergenerational farm asset transfer mechanisms : an application of a life cycle model with borrowing constraints and adjustment costs," Post-Print hal-01937033, HAL.
    • Handle: RePEc:hal:journl:hal-01937033
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    Cited by:

    1. Ayal Kimhi, 2009. "Pension Wealth And Intergenerational Succession In Family Businesses," Portuguese Journal of Management Studies, ISEG, Universidade de Lisboa, vol. 0(2), pages 177-188.
    2. Jackeline Velazco & Ramon Ballester, 2016. "Food Access and Shocks in Rural Households: Evidence from Bangladesh and Ethiopia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 129(2), pages 527-549, November.
    3. Mishra, Ashok K. & El-Osta, Hisham S. & Johnson, James D., 2004. "Succession In Family Farm Business: Empirical Evidence From The U.S. Farm Sector," 2004 Annual meeting, August 1-4, Denver, CO 20114, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Mishra, Ashok & El-Osta, Hisham, 2007. "Factors Affecting Succession Decisions in Family Farm Businesses: Evidence from a National Survey," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2007, pages 1-10.

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