THE RICARDIAN RENT AND THE ALLOCATION OF LAND UNDER UNCERTAINTY - COMMENT

Results on the comparative statics of land rent under uncertainty publ ished in this journal are extended. Rent increases under any first-deg ree (second-degree) stochastically dominating shift in the random vari able if the utility function is increasing (increasing and concave), R ent also increases under an increasing utility function if costs at th e initial optimum level of expected output decreases.