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Implications of Agency Theory for Optimal Land Tenure Contracts

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Author Info
Huffman, Wallace
Just, R.E.

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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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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: 05 May 2005
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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

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
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  1. Yutaka Arimoto & Tetsuji Okazaki & Masaki Nakabayashi, 2005. "Risk, Transaction Costs, and Geographic Distribution of Share Tenancy: A Case of Pre-War Japan," CIRJE F-Series CIRJE-F-322, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
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