Working paper 2008-24
The Dynamics of Intensive Cultivation
An increase in the demand for agricultural goods leads to the use of more intensive cultivation methods. Though Ricardo sees no difficulties in the intensification process, their existence is revealed by the possible occurrence of multiple equilibria. A general theory of intensive rent is based on a formal parallel with single-product systems without land.
JEL Codes : B12, D24, D33
Keywords : intensive cultivation, land, rent, Ricardo