Do Heterogeneous Agricultural Factors Affect Farmland Contractual Choice?—Evidence from China

He Yiming (), Luo Biliang and Zou Baoling
Additional contact information
He Yiming: National School of Agricultural Institution & Development, South China Agricultural University, Guangzhou, Guangdong510642, China
Luo Biliang: National School of Agricultural Institution & Development, South China Agricultural University, Guangzhou, Guangdong510642, China
Zou Baoling: College of Economics & Management, South China Agricultural University, Guangzhou, Guangdong 510642, China.

Man and the Economy, 2018, vol. 5, issue 1, 12

Abstract: This paper introduces a game framework for farmland rent contract choice which incorporates the characteristic uncertainty about the quality of agricultural factors and heterogeneous agricultural attributes matching with rural land leasing contract and the dynamic contracting behavioral equilibrium. The game theoretic model shows that the farmland rent sharecropping is a Pareto optimum contract, that the different farmland use contractual arrangement will match with specific agricultural factors combination between farmland and labor, that sequential rational tenants will make the game transfer from Nash Equilibrium to Perfect Bayesian Equilibrium. Our field survey data of China between 2014 and 2015 is consistent with our theoretic hypothesis. The empirical results indicate that the tenant's age has significant negative effect on share contract, that social security, soil fertility and the number of plots have significant positive effect.

Keywords: farmland leasing; heterogeneous factor; tenancy game equilibrium; contractual matching; china pattern (search for similar items in EconPapers)
JEL-codes: C72 K11 Q15 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/me-2017-0006 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:maneco:v:5:y:2018:i:1:p:12:n:1

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/me/html

DOI: 10.1515/me-2017-0006

Access Statistics for this article

Man and the Economy is currently edited by Ning Wang

More articles in Man and the Economy from De Gruyter
Bibliographic data for series maintained by Peter Golla ().