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An organizational economics approach to the existence of sharecropping.
- Source :
-
Agricultural Economics / Zemědělská Ekonomika . 2013, Vol. 59 Issue 11, p537-541. 5p. - Publication Year :
- 2013
-
Abstract
- Th e paper provides a new explanation for the existence of sharecropping in agriculture from the perspective of organizational economics. Similar to a multinational enterprise's decision of whether to enter a joint venture or to choose a wholly owned subsidiary, we can see sharecropping as a joint venture and a fixed rent contract as a wholly owned subsidiary when we stand in the tenant's position. Our analysis shows that when the landlord has a strong enough comparative advantage in exerting one type of effort, he/she tends to choose the share contract. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0139570X
- Volume :
- 59
- Issue :
- 11
- Database :
- Academic Search Index
- Journal :
- Agricultural Economics / Zemědělská Ekonomika
- Publication Type :
- Academic Journal
- Accession number :
- 92702555