SHARE LEASING AND PRODUCTION EFFICIENCY

Bernat, G. Andrew,

No 278000, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: This report reviews the current economic literature 'on the relationship between type of land lease and agricultural resource allocation. Current economic theory of land leasing does not provide a completely satisfactory explanation of lease choice in U.S. agriculture primarily because of deficiencies in the treatment of bargaining and part-owner operators. In addition, results from the literature on the principal-agent problem and on implicit contracts have not been fully exploited in the landleasing literature.

Keywords: Land Economics/Use; Production Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 21
Date: 1987-12
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:278000

DOI: 10.22004/ag.econ.278000

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