Decision-Making Model for Farmer Choosing Land Use Based upon Dynamic Optimization Theory |
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Authors: | ZHANG Xue-jun WANG Shun-hong |
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Institution: | School of Economics and Management, Southwest Jiaotong University, Chengdu 610031, China |
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Abstract: | Using the dynamic optimization theory, we described a decision-making model for farmer choosing land use when there are several different kinds of uses for land. To obtain an empirical model that could be easily applied, decision rules for farmer with a single static expectation were given. |
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Keywords: | Land use Dynamic optimization theory Decision-making model |
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