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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.

Suggested Citation

  • Luporini, Annalisa & Parigi, Bruno, 1996. "Multi-Task Sharecropping Contracts: The Italian Mezzadria," Economica, London School of Economics and Political Science, vol. 63(251), pages 445-457, August.
  • Handle: RePEc:bla:econom:v:63:y:1996:i:251:p:445-57
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    Cited by:

    1. Maristella Botticini & Aloysius Siow, 2003. "Why Dowries?," American Economic Review, American Economic Association, vol. 93(4), pages 1385-1398, September.
    2. Carlos Daniel Ruiz Pérez, 2011. "Sobre la existencia de renta compartida bajo restricción de liquidez ex-post," Undergraduate theses (Spanish) tesl002, CIDE, División de Economía.
    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. Raul V. Fabella, 2016. "Why Fixed Rent Contracts are Less Prevalent: Weak Third Party Enforcement and Endogenous Principal Type," UP School of Economics Discussion Papers 201606, University of the Philippines School of Economics.
    5. Daniel A. Ackerberg & Maristella Botticini, 2002. "Endogenous Matching and the Empirical Determinants of Contract Form," Journal of Political Economy, University of Chicago Press, vol. 110(3), pages 564-591, June.
    6. Galassi, F.L. & Pudney, S., 1999. "Output Risk in Tuscan Agriculture in the Late 19th and Early 20th Centuries," The Warwick Economics Research Paper Series (TWERPS) 552, University of Warwick, Department of Economics.
    7. Andreozzi, Luciano, 2012. "Property rights and investments: An evolutionary approach," Games and Economic Behavior, Elsevier, vol. 74(1), pages 1-11.
    8. 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.
    9. 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.
    10. Kaniska Dam & Daniel Ruiz Pérez, 2011. "On the Existence of Sharecropping," Working papers DTE 502, CIDE, División de Economía.
    11. 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.

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