EconPapers    
Economics at your fingertips  
 

Contractual Mix in Southern Agriculture since the Civil War: Facts, Hypotheses, and Tests

Lee Alston and Robert Higgs

The Journal of Economic History, 1982, vol. 42, issue 2, 327-353

Abstract: In the South after 1865, workers and property owners employed a variety of contracts—wage payment, crop sharing, and land rental—to bring together cooperating resources in agricultural production. The contractual mix varied over time and space, depending on the relative resource endowments of the contracting parties, the prevailing risk conditions, and the transactions costs of alternative contractual arrangements. To understand the contractual mix, certain empirical distinctions must be made, and the major hypotheses advanced to explain the mix must be seen as complementary rather than mutually exclusive. These hypotheses, however, differ in their demonstrated ability to account for the empirical variance. In addition to factual clarification and theoretical explication, the paper presents a new sample of plantation data and a new econometric procedure for performing more detailed and better controlled tests of hypotheses.

Date: 1982
References: Add references at CitEc
Citations: View citations in EconPapers (44)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

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:cup:jechis:v:42:y:1982:i:02:p:327-353_02

Access Statistics for this article

More articles in The Journal of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().

 
Page updated 2025-03-22
Handle: RePEc:cup:jechis:v:42:y:1982:i:02:p:327-353_02