Implications of Agency Theory for Optimal Land Tenure Contracts
Author(s) -
Wallace E. Huffman,
Richard E. Just
Publication year - 2004
Publication title -
economic development and cultural change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.217
H-Index - 71
eISSN - 1539-2988
pISSN - 0013-0079
DOI - 10.1086/420685
Subject(s) - land tenure , agency (philosophy) , download , state (computer science) , political science , agrarian society , corporation , huffman coding , economics , agriculture , agricultural economics , economic history , sociology , history , law , social science , archaeology , algorithm , computer science , operating system , coding (social sciences)
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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