This paper explores a dynamic model of an agricultural sector in which farms are leased to cultivators on fixed rent contracts or on sharecropping contracts and in which cultivators are subject to credit rationing by banks. The model, which can exhibit complex dynamics, is used to compare the two pure forms of land tenure and to explore some implications of the coexistence of both types of tenure. The central conclusion from the dynamic simulations is that, contrary to the conventional proposition based on static analysis, both landowners and cultivators may be better-off under sharecropping.
A dynamical analysis of alternative forms of agricultural land tenure / Commendatore, Pasquale; Currie, M.. - In: METROECONOMICA. - ISSN 0026-1386. - STAMPA. - 57:4(2006), pp. 443-463. [10.1111/j.1467-999X.2006.00251.x]
A dynamical analysis of alternative forms of agricultural land tenure
COMMENDATORE, PASQUALE;
2006
Abstract
This paper explores a dynamic model of an agricultural sector in which farms are leased to cultivators on fixed rent contracts or on sharecropping contracts and in which cultivators are subject to credit rationing by banks. The model, which can exhibit complex dynamics, is used to compare the two pure forms of land tenure and to explore some implications of the coexistence of both types of tenure. The central conclusion from the dynamic simulations is that, contrary to the conventional proposition based on static analysis, both landowners and cultivators may be better-off under sharecropping.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.