On The Coexistence of Share, Rent and Wage Contracts in a Rural Economy
This paper attempts to explain the observed diversity of agricultural con- tracts within close-knit geographical regions, often within the same village. The explanation rests on two main assumptions: heterogeneity in land quality, with landlords being better informed about the quality of their own plots than prospective tenants, and moral hazard problems associated with hired labor. In the process, we also derive a sharp testable relationship between land quality and contractual form-it is predicted that best quality land will be cultivated by the owner, medium grade land will be sharecropped, and poorest quality land will be rented out on a fixed rent basis. A look at some available data largely supports this last prediction.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||May 1995|
|Contact details of provider:|| Postal: 264 Bay State Road, Boston, MA 02215|
Web page: http://www.bu.edu/econ/ied/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fth:bosecd:58. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.