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a person or organization that allows another person or organization lớn use something they own in return for regular payments:
We use the concept of opportunity cost khổng lồ compute the penalty to be imposed by the lessor on the lessee if l& degradation is observed.
But it should be borne in mind that the lessors are still operating under a limited instrumental rationality environment.
In the sự kiện, lvà is leased out rather than sold, the lessor has full knowledge on the degradation activities of the lessee.
The final assumption adopted in this simulation is that lessors have sầu full knowledge over l& degradation activities of the lessees.
The institutional constraints faced by the lessors is lifted và the modifications khổng lồ the existing institutions are discussed later in the paper.
This matching process was possible because the mô tả tìm kiếm of the piece of land in the lessor"s declaration usually includes the name of the lessee.
In this simulation exercise, the lessor has knowledge over the latter but still lacks information over the former.
Second, a laông xã of information on the true value of land on the part of the lessors could provide the lessees" with bargaining power.
In the remainder of the cases the leases had either nearly expired or contained special conditions in favour of the lessor.
Example from the Hansard archive sầu. Contains Parliamentary information licensed under the mở cửa Parliament Licence v3.0