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Multi-Task Sharecropping Contracts: The Italian Mezzadria

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  • Luporini, Annalisa
  • Parigi, Bruno

Abstract

We use recent developments in the multi-task principal-agent methodology to study a sharecropping contract that was pervasive in central Italy. We distinguish between subsistence crops and cash crops. We analyse the spillover effect from one crop to the other, and we show that this reduces the ability of this sharecropping economy to adjust to a changed environment. We trace the effects of the changes in agricultural prices in the second half of the nineteenth century. Finally, we propose some explanation for the puzzling phenomenon of the reintroduction of many feudal clauses in the sharecropping contract when the rest of the Italian economy was beginning to modernize. Copyright 1996 by The London School of Economics and Political Science.

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Bibliographic Info

Article provided by London School of Economics and Political Science in its journal Economica.

Volume (Year): 63 (1996)
Issue (Month): 251 (August)
Pages: 445-57

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Handle: RePEc:bla:econom:v:63:y:1996:i:251:p:445-57

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Cited by:
  1. Steiner, Bodo E., 2009. "The Extent and Nature of Contracting in the Wine Supply-Chain When Moral Hazard is Present," Staff Paper Series 154127, University of Alberta, Department of Resource Economics and Environmental Sociology.
  2. Maristella Botticini & Aloysius Siow, 2000. "Why Dowries?," Econometric Society World Congress 2000 Contributed Papers 0200, Econometric Society.
  3. Graziano, Clara & Parigi, Bruno M., 1998. "Do managers work harder in competitive industries?," Journal of Economic Behavior & Organization, Elsevier, vol. 34(3), pages 489-498, March.
  4. Ackerberg, Daniel A. & Botticini, Maristella, 2000. "The Choice of Agrarian Contracts in Early Renaissance Tuscany: Risk Sharing, Moral Hazard, or Capital Market Imperfections?," Explorations in Economic History, Elsevier, vol. 37(3), pages 241-257, July.
  5. Luciano Andreozzi, 2008. "Property Rights and Investments: An Evolutionary Approach," Department of Economics Working Papers 0822, Department of Economics, University of Trento, Italia.
  6. Andreozzi, Luciano, 2010. "An evolutionary theory of social justice: Choosing the right game," European Journal of Political Economy, Elsevier, vol. 26(3), pages 320-329, September.

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