Insurance and Incentives in Sharecropping

This paper surveys some recent empirical works about sharecropping. The basic theoretical trade-offs are discussed in the introduction. Section 1 discusses the empirical research on resource allocation. This section is divided in two subsections: one studying the effects of tenure stability on land improvements, and another comparing the impact of different share rates on input use and farm productivity. Section 2 surveys works testing different arguments rose to explain the design of tenancy contracts. The essay then concludes with a brief summary discussing some important policy implications.

Provided by: CESifo Group Topic: Software Date Added: Dec 2003 Format: PDF

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