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Implications of Agency Theory for Optimal Land Tenure Contracts

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  • Huffman, Wallace
  • Just, Richard E.

Abstract

Explores landowner-tenant contracts in land tenure in agriculture. Inefficiency of share tenancy relative to owner cultivation; Introduction of principal-agent models; Influence of monitoring in studying optimal landowner-tenant risk sharing; Need to study adequate tenant incentives

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Bibliographic Info

Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12337.

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Date of creation: 01 Apr 2004
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Publication status: Published in Economic Development and Cultural Change, April 2004, vol. 52, pp. 617-643
Handle: RePEc:isu:genres:12337

Contact details of provider:
Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
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Web page: http://www.econ.iastate.edu
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Cited by:
  1. Qiu, Feng & Goodwin, Barry K. & Gervais, Jean-Philippe, 2010. "An Empirical Investigation of the Linkages between Government Payments and Farmland Leasing Arrangements," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49242, Agricultural and Applied Economics Association.
  2. Yutaka Arimoto & Tetsuji Okazaki & Masaki Nakabayashi, 2005. "Risk, Transaction Costs, and Geographic Distribution of Share Tenancy: A Case of Pre-War Japan," CARF F-Series CARF-F-024, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.

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