USUFRUCT AND USURY: AN ANALYSIS OF LAND LEASING IN EAST JAVA

On Java, land leasing functions as a credit instrument when the entire rent is paid in advance. The rights obtained by the tenant/lender are the 'price' of the loan made to the land owner/borrower. A model of such transactions shows that the area leased and duration of the lease are substitutes in raising a loan of given size and that the substitution rate is related to the term structure of interest rates.


Issue Date:
1984-04
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/22594
PURL Identifier:
http://purl.umn.edu/22594
Published in:
Australian Journal of Agricultural Economics, 28, 1
Page range:
5-32
Total Pages:
28




 Record created 2017-04-01, last modified 2018-11-28

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